HSD partner SecurityMatters teamed up with EIT Digital to raise substantial funding from four prime investment groups. The last couple of months these two organisations have worked together to gain finance for their plans for international growth for SecurityMatters, an Eindhoven based partner of HSD.
SecurityMatters, a leading provider of advanced cyber security solutions for Industrial Control Systems, announced that it has raised substantial funding from four prime investment groups. Emerald Technology Ventures lead the syndicate and was joined by three high-profile strategic partners: Robert Bosch Venture Capital, KPN Ventures (founding father of HSD) and 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.”
The funding will be mainly used for international expansion. SecurityMatters is also working together with HSD in a consortium of companies in the programme Partners for International Business (PIB) Japan in which Dutch companies and knowledge institutions form collaboration to secure Japan’s critical infrastructure during Olympic Games in Tokyo (2020).
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.
Access to Capital
Capital is necessary to develop innovative ideas into working systems and products. HSD Office, together with several partners, has created the HSD Finance Guide to keep innovative parties up-to-date on possible financing options during the different stages of the innovation process.
HSD also offers finance matchmaking instruments to its partners and eco-system. And is closely working with parties active in this field like EIT Digitals that contributed to this great achievement of SecurityMatters.
For the complete press release read here