SecurityMatters, a leading provider of advanced cyber security solutions for Industrial Control Systems, announces it has raised substantial funding from four prime investment groups. Emerald Technology Ventures lead the syndicate and is joined by three high-profile strategic partners: Robert Bosch Venture Capital, KPN Ventures and Phoenix Contact Innovation Ventures.
SecurityMatters’ innovative automated network and situational awareness platform, SilentDefense, enables Critical Infrastructure organizations worldwide to operate best-of-class cyber-resilient Industrial Control Systems. Since the introduction of SilentDefense in 2013, SecurityMatters has expanded its installations across three continents, covering multiple market verticals including power generation, power transmission & distribution, drinking water, oil & gas, manufacturing, chemical, pharmaceutical and infrastructure.
Damiano Bolzoni, Co-Founder and CEO of the company, stated: “We are extremely proud to have attracted such high-calibre investors, who will use their expertise and networks to accelerate our growth and take our business to the next level, effectively enabling SecurityMatters to penetrate new market verticals and develop new offerings. The funding will mainly be used to expand our sales & marketing and support teams internationally. Reaching this milestone has been made possible thanks to the amazing team of talented people we work with every day.”
Markus Moor, Partner at Emerald commented: “The increased interconnectivity and accessibility of critical infrastructure over the last few years has created a substantial threat to these vital assets. We have analysed this segment over several years and are convinced that SecurityMatters provides an industry leading solution. The maturity and reference projects of the company’s intrusion detection system, in combination with a stellar team, sets this company apart.”
“Cyber security is a focal point in Bosch’s IoT strategy” explains Gitte Bedford, Vice President at Robert Bosch Venture Capital. “We believe that SecurityMatters’ innovative technology and Bosch’s prominent role in shaping an increasingly connected world provide excellent pre-requisites for a fruitful co-operation.”
Herman Kienhuis, managing director KPN Ventures: “KPN has already been working together with Security Matters, bringing their ‘SilentDefense’ cybersecurity monitoring software to industrial customers in The Netherlands. We were impressed by the expertise of the team and their product and see ample opportunity to expand our partnership and support the company in its growth.“
„SecurityMatters offers solutions for the critical infrastructure and the Industry 4.0. Especially in the industrial environment is a tremendous potential which needs cybersecurity today and in the future. The unique solutions of cybersecurity at SecurityMatters fits perfectly with the market expertise of Phoenix Contact in the industrial market“ described Marcus Böker, Managing Director at Phoenix Contact Innovation Ventures.
The three founders of SecurityMatters, Damiano Bolzoni, Sandro Etalle (president) and Emmanuele Zambon (CTO), added “SecurityMatters’ strong organic profitable growth is now fuelled by capital from carefully selected partners. In our search we have been supported by the team of EIT digital, who did a tremendous job in opening dozen of doors for us.”
Following the transaction, Markus Moor and Co-Founder Sandro Etalle joined the supervisory board of SecurityMatters; Etalle assumes the role of chairman of the board.
SecurityMatters provides industrial mission-critical cyber-resilience. It has a proven track record of monitoring, analysing and protecting industrial environments, translating complex and hidden problems and threat indicators into clear and actionable intelligence. Its products enable end users to operate best-of-class cyber-resilient industrial control environments in simple and effective ways.