Venture Capital News: Mission Secure Completes Series B Financing
2021-01-26
CHARLOTTESVILLE, VA, Mission Secure announced the closing of a Series B financing round from existing and new investors,
The expansion of digital technologies accompanied by an upswing in ICS-specific threats targeting these critical infrastructure ecosystems is driving operational technology (OT) and industrial control system (ICS) cybersecurity demand in defense, critical infrastructure, and process industries. Mission Secure, a leading ICS cybersecurity technology company, today announced the closing of a Series B financing round from existing and new investors in North America and Europe representing key global industrial sectors. Mission Secure will use the new funding to advance the innovative technologies in its patented cyber-protection platform and to recruit additional ICS cybersecurity experts to support 24/7 managed services for its expanding global customer base in oil and gas, chemicals, maritime, manufacturing, smart cities, and defense organizations.
Mission Secure's Series B funding round is co-led by: IREON Ventures Ltd., the corporate venture innovation arm of Motor Oil Hellas, a leading petroleum company in Southern Europe and the Mediterranean; Energy Innovation Capital, the premier capital provider to entrepreneurs addressing the world's most difficult energy-related challenges; and Blue Bear Capital Partners, an investor in high-growth technology companies across the energy, infrastructure, and climate industries in North America and Europe.
The Series B investment brings the company's total funding to date to $22.5 Million. Other Series B investors include Chevron Technology Ventures, the corporate venture capital arm of Chevron Corporation investing in early and growth-stage companies and the University of Virginia LVG Seed Fund.
Mission SecureĀ®, an OT cybersecurity leader, is setting a new standard in OT cyber-protection stopping OT cyber threats head-on. The Mission Secure Platform backed by 24/7 Managed Services is the first to seamlessly integrate OT visibility, segmentation, protection, threat hunting, and incident response delivering military strength, industrial grade OT protection. With Mission Secure, customers keep critical operations up and running and safe from harm. Learn more at https://www.missionsecure.com.
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