Wednesday, April 24 2024

Network Perception, innovators of operational technology (OT) solutions which protect mission-critical assets, announced today that it has raised $13 million in Series A financing. The funding round was led by The Westly Group with participation from Energy Impact Partners and other existing investors, including Serra Ventures, Okapi Venture Capital, Energy Foundry and SaaS Venture Capital. The Series A funding brings Network Perception’s total funding to $15.73 million.

Network Perception solutions proactively and continuously assure the security of critical OT assets using intuitive network segmentation verification and visualization. Originally designed and built by a government-funded research team comprised of cybersecurity academics and industry experts in network security and critical infrastructure protection, the Network Perception NP-View platform has become the industry standard for the verification of proper network segmentation, the assurance of network security compliance, and the visualization of industrial control network environments.

The Series A financing will enable Network Perception to expand its commercial activities and address the OT network cybersecurity needs of critical industries, expand into new vertical and international markets, and establish strategic partnerships to further accelerate go-to-market growth. Network Perception will continue to drive innovation, deliver new solution based technology and continue to be on the forefront of OT cybersecurity. In the coming weeks, the company will debut the NP-View Essential edition of its platform to provide instant visualization and network verification for compliance and security teams in both small and enterprise-sized entities.

“The security of critical OT assets is essential to public safety and the operation of everyday services that we all rely on – from energy delivery to manufacturing and transportation,” said Robin Berthier, Network Perception CEO and Co-Founder. “This infusion of funding will allow us to take network security to a new level, bringing greater control and visibility to administrators, and eliminating potential weaknesses before they are exposed. In today’s operational technology environment, this is not only important, but imperative.”

“As the number and severity of attacks on our physical infrastructure increases, state-of-the-art network protection and compliance becomes more critical,” said Danny Cotter, Partner, The Westly Group. “We represent many of the world’s largest energy and industrial companies who own or operate billions of dollars of critical infrastructure. Network Perception’s network transparency and continuous mapping solution reinforce asset-centric business’ first line of perimeter defense. We are excited to support Network Perception as they provide leading critical infrastructure security to increasingly complex and exposed operational technology networks.”

“Network Perception is a leader in firewall risk assessment for critical infrastructure and has built a platform that verifies and visualizes firewall policies to ensure an organization’s most important assets are protected and compliant,” said Harry Giovani, Managing Partner and CEO at Energy Impact Partners Credit Strategies. “We look forward to supporting Network Perception’s growth and expansion into the utility market.”

Robin Berthier
Robin Berthier, Network Perception CEO and Co-Founder
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