US-based industrial cybersecurity technology developer Indegy has raised $18m in a series B round led by Liberty Technology Venture Capital, a corporate venturing arm of mass media company Liberty Media.
Centrica Innovations, the corporate venturing arm of energy utility Centrica, and OG Tech Ventures, an investment arm of diversified holding group Ofer Global, also took part, as did Singaporean state-owned venture capital firm Vertex Ventures.
Venture capital firms Magma Venture Partners and Aspect Ventures filled out the round together with private investor Shlomo Kramer.
Founded in 2014, Indegy operates a cybersecurity platform that aims to protect industrial control system networks from malicious actors and human error. The technology is used by clients in industries such as manufacturing, pharmaceutical, energy and water.
The funding will accelerate growth and boost international commercialisation efforts.
Indegy previously obtained $12m in a series A round led by Vertex in 2016, with participation from financial services firm SBI Holdings, Aspect Ventures, Magma Venture Partners and Kramer.
Kramer had led a $6m seed round in 2014 that included Magma Venture Partners and angel investor Amihai Shulman.
Christophe Defert, vice-president, ventures at Centrica Innovations, said: “With a growing customer portfolio that spans 35 countries, we are working to bring businesses world-leading energy management solutions that will allow customers to take greater control of their energy.
“In an increasingly connected world, we are looking forward to working with Indegy as we explore ways to deploy distributed energy resources with the optimal security solution.”