Punja Global Ventures
Assembly Line
DeNexus Secures $17.5 Million in Series A Funding to Revolutionize Cyber Risk Management for Industrial Environments
DeNexus, a leader in end-to-end cyber risk management for operational technology (OT), announced it has raised $17.5 million in a Series A funding round, positioning DeNexus to accelerate its growth and expand its innovative product offerings and markets.
The funding round was led by Punja Global Ventures, with investment also from AXA XL, Prosegur/SegTech and HCS Capital. As part of this investment, Rimmo Jolly, co-founder at Punja Global Ventures, will join DeNexus’ Board of Directors, while Libby Benet, Global Chief Underwriter Officer at AXA XL, will join as a Board Observer. With this new funding, DeNexus is well-positioned to address the growing need for comprehensive cyber risk management in industrial environments, helping organizations navigate the complex landscape of cybersecurity threats and regulations.
DeNexus has demonstrated significant traction, with its solutions currently deployed at over 200 sites across the USA, UK, and Europe. Building on its product offering from the initial customers in the power electricity sector, the company has also successfully implemented its technology with a top data center hyperscaler, as well as a global manufacturer, and has secured contracts to serve one of the world’s largest airport owners and operators. The company is contributing to the cyber risk management of these critical activities and infrastructures at the backbone of our civilization.