One of EIT Digital’s supported scale-ups, SecurityMatters, a provider of advanced cyber security solutions for industrial control systems, has raised funding from four prime investment groups, including Robert Bosch Venture Capital.
To date, EIT Digital has helped companies to raise more than EUR70 million, primarily in Series A investments.
SecurityMatters has developed an automated network and situational awareness platform that enables critical infrastructure organisations worldwide to operate best-of-class cyber-resilient industrial control systems. Self-configuring and self-learning, SecurityMatters’ solution is detecting more cyber threats than any comparable technology.
Headquartered in the Netherlands, SecurityMatters has expanded its installed base in tens of installations across four continents, covering multiple market verticals including electric-power generation, transmission and distribution, oil and gas, drinking water, manufacturing, chemical, pharmaceutical and infrastructure.
“With these investments SecurityMatters will now be able to establish its presence globally and compete with the largest players across the globe. When we created the company seven years ago we had a precise idea of the technology we wanted to put to work, and gradually we kept our objective to provide the best-in-market product. Now, with a proven solution and the support of EIT Digital we secured Robert Bosch Venture Capital as one of the strategic investors in our company,” says Damiano Bolzoni, CEO and co-founder of Security Matters.
“SecurityMatters concluded a splendid pan-European fundraising, combining both the experience of a truly international financial investor, and the outreach from a reputed corporate venture investor, which will enable this company to achieve its global ambitions,” says Daniel Michel, head of EIT Digital Access to Finance.
Amid the trend of decreasing venture capital rounds, the successful connection of scale-ups and investors is of paramount importance for Europe’s businesses. The EIT Digital Accelerator programme, Access to Finance, has already helped European companies secure more than EUR70 million. Access to Finance opens doors to European and international venture capital funds, helping company founders and CEOs get all-important first-meetings with investors seeking to finance fast-growth business opportunities.
EIT Digital Investors Events take place regularly around Europe and serve as catalysts for fundraising rounds and deals.
