he 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.
“The cybersecurity concerns associated with OT have never been higher which is driving extraordinary levels of customer interest and demand,” said David Drescher, Chief Executive Officer and Co-Founder of Mission Secure. “Our Series B funding is an investment by industry leaders helping us bring even greater OT technology innovations to market with our Mission Secure Platform and recruit the best and brightest OT cybersecurity experts for our Managed Services team to support our mission of protecting our global customers’ OT networks and safeguarding their operations.”