SecurityMatters closes funding round backed by Robert Bosch Venture Capital
Innovative leader in advanced cyber protection for industrial control systems set to accelerate grow
- Robert Bosch Venture Capital places its second investment in the security domain
- Strong investor syndicate will provide financial and strategic resources
- SecurityMatters to expand global market and industry reach
Stuttgart, Germany – Robert Bosch Venture Capital, the corporate venture capital company of the Bosch Group, has completed an investment in SecurityMatters B.V. SecurityMatters is a leading global provider of solutions for protecting industrial control systems against cyber threats and operational risks like misconfigurations and operational errors. “The investment in SecurityMatters adds a second company in the cyber security domain to our portfolio of innovative start-ups. With these investments we strategically support the innovation power of Bosch”, says Dr. Ingo Ramesohl, Managing Director of Robert Bosch Venture Capital. “Cyber security is a focal point in Bosch’s IoT strategy” adds 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.”
Innovative startup attracts strategic investors<
Since its launch in 2013, SecurityMatters’ cyber resilience solution has been installed across three continents. Its proven technology covers multiple market verticals including power generation, power transmission and distribution, drinking water, oil and gas, manufacturing, chemical, pharmaceutical and infrastructure. With this new funding round, the company is well positioned to compete with the largest players across the globe. Damiano Bolzoni, Co-Founder and CEO of SecurityMatters, states: “We are extremely proud to have attracted such high-caliber investors, who will use their expertise and networks to accelerate our growth and take our business to the next level. Each strategic investor we selected will play an important role in the future growth of the company by enabling SecurityMatters to penetrate new market verticals and develop new offerings.” The investor syndicate is led by Emerald Technology Ventures. Strategic investors include Robert Bosch Venture Capital, KPN Ventures and Phoenix Contact Innovation Ventures.
SecurityMatters, a privately owned Dutch company, was founded in 2009 by Damiano Bolzoni, Sandro Etalle and Emmanuele Zambon, providing 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.
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