News today from Indegy that it has closed a $12 million Series A funding round led by Vertex Ventures Israel with participation from Silicon Valley-based Aspect Ventures, SBI Holdings of Japan, as well as previous investors Shlomo Kramer and Magma Venture Partners. This round takes total funding for this little-known company to some $18 million.
Indegy is in the business of protecting industrial control systems (ICS). ICS may not sound sexy, but before the Internet of Things (IoT), huge industrial processes and infrastructures were controlled, monitored and maintained by large ICS networks. Unlike IoT, which tends to work on the public internet, ICS generally runs on private networks and is hence less visible to the general public. And while everyone fixates on the latest iPhone or hot dating app, they remain blissfully aware of what controls their power systems, water and sewerage systems, and large HVAC installs.