DeNexus raises $17.5 million

DeNexus, which offers end-to-end cyber risk management for operational technology, has raised $17.5 million in a Series A funding round led by Punja Global Ventures, with investment from AXA XL, Prosegur/SegTech and HCS Capital.

Founded in 2019, DeNexus offers a platform that allows industrial enterprise and risk underwriters to quantify and manage cyber risk exposure on a continuous basis. The company’s platform leverages artificial intelligence and machine learning to assess vulnerabilities, forecast incident probabilities and quantify financial risks, allowing organizations to make evidence-based decisions on risk mitigation.

“This investment is a strong vote of confidence in DeNexus’ vision and our ability to address the critical cybersecurity challenges faced by industrial enterprises and physical critical infrastructures. We’re poised to expand our go-to-market team, enhance our product offerings, and continue delivering on our commitment to provide a full-stack, end-to-end cyber risk management solution to our customers.” – Jose Seara, CEO of DeNexus.

“As cyber threats to critical infrastructures continue to evolve, it’s crucial that we support innovative solutions that can protect these vital systems, including proper affirmative insurance protection. DeNexus’ approach to cyber risk management is both timely and essential to build resilience in industrial companies and physical critical infrastructures, and we’re proud to be part of their journey.” – Libby Benet of AXA XL.