CHARLOTTESVILLE, Virginia., January 26, 2021 / PRNewswire / – The expansion of digital technologies accompanied by an increase in ICS-specific threats targeting these critical infrastructure ecosystems is driving the demand for cybersecurity for operational technologies (OT) and industrial control systems (ICS) in defense, critical infrastructure and process sectors. Mission Secure, a leading ICS cybersecurity technology company, today announced the closing of a Series B funding round from existing and new investors in North America and Europe representing the main global industrial sectors. Mission Secure will use the new funding to advance innovative technologies in its patented cyber protection platform and to recruit additional ICS cybersecurity experts to support 24/7 managed services for its growing global customer base in the oil and gas, chemicals, maritime, manufacturing, smart cities and defense organizations.
Mission Secure’s Series B funding cycle is co-led by:
- IREON Ventures Ltd., the corporate innovation arm of Motor Oil Hellas, a leading oil company in southern Europe and the Mediterranean;
- Capital of energy innovation, the leading provider of capital to entrepreneurs tackling the world’s toughest energy challenges; and
- Blue Bear Capital Partners, an investor in high growth technology companies in the energy, infrastructure and climate sectors 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 that invests in early stage and growing companies and the University of Virginia LVG Seed Fund.
“The cybersecurity challenges associated with OT have never been higher, resulting in extraordinary levels of customer interest and demand,” said David drescher, CEO and co-founder of Mission Secure. “Our Series B funding is an investment from industry leaders that helps us bring even greater OT technology innovations to market with our Mission Secure platform and recruit the best and brightest OT cybersecurity experts to our team. managed services to support our mission of protecting our global customers. OT networks and securing their operations. “
“With our roots in refining and downstream marketing, we understand the need to protect critical assets from cyber threats and maintain operational resilience,” said Hector Kimonides, director at IREON Ventures. “Our investment in Mission Secure is ultimately an investment in the future of our own businesses.”
“As the digitalization of the energy industry continues and more devices go online, Mission Secure provides a level of industrial cybersecurity protection that owners of critical energy infrastructure demand,” said declared George coyle, Managing Partner of Energy Innovation Capital (EIC). “We initially invested in Mission Secure in 2018 because they enable safer and more profitable operations by protecting the industrial control system and operational assets. We are excited to reinvest and co-lead this round of growth funding. “
The primary goal of protecting OT and ICS environments is to prevent cybersecurity incidents – making sure they never happen. But in addition, it means recognizing the reality that cyberattacks against ICS sometimes succeed, and having the expertise and capabilities in place to quickly detect and isolate intrusions and correct and restore operations. This is the mission that unites the Mission Secure team.
About Mission Secure:
Mission Secure®, a leader in OT cybersecurity, is setting a new standard in OT cyber protection by stopping OT cyber threats head-on. Mission Secure platform backed by 24/7 managed services is the first to seamlessly integrate visibility, segmentation, protection, threat hunting and OT incident response, delivering military strength and industrial grade OT protection. With Mission Secure, customers keep critical operations running and safe from damage. Learn more at https://www.missionsecure.com.
Follow Mission Secure: Blog, LinkedIn and Twitter.
About Energy Innovation Capital:
Energy Innovation Capital is the premier provider of capital for innovators serving the energy industry. EIC provides start-up and growth finance to visionary entrepreneurs who are tackling global energy challenges with transformative, market-leading solutions. The IEC team draws on our industry expertise, networks and collaborative approach to help talented entrepreneurs push the boundaries of what is possible and build great companies. To learn more, visit www.energyinnovationcapital.com.
Contact for secure mission media:
832.925.8748 x 305
SOURCE Mission Secure, Inc.