Indurex raises €7M to strengthen cybersecurity across critical infrastructure

Industrial cybersecurity firm Indurex has secured €7 million in funding to bolster its AI-driven platform aimed at safeguarding critical infrastructure, manufacturing sites, and industrial operations reliant on connected systems. The investment round was spearheaded by Contrarian Ventures, with contributions from Axeleo Capital and Curiosity.

Indurex specializes in cybersecurity for cyber-physical systems (CPS), concentrating on industrial safety, engineering processes, and cybersecurity. Their services cater to operators in critical sectors such as oil and gas, energy, utilities, manufacturing, and data centers.

As industrial environments become more interconnected, operators confront escalating cybersecurity risks due to the fusion of information technology (IT) and operational technology (OT). Conventional OT security solutions primarily focus on network activities, often offering limited insights into engineering configurations and safety systems.

To tackle these challenges, Indurex has engineered SafeGuard AI, an AI-powered platform that merges engineering data with cybersecurity intelligence. By integrating data from industrial control systems, safety systems, operational data, and IT security tools, the platform offers a more comprehensive perspective on industrial operations.

Utilizing AI agents, SafeGuard AI detects anomalies, engineering deviations, and potential threats, furnishing insights and suggested actions to bolster operational safety, cybersecurity, and incident response. Additionally, the platform facilitates regulatory compliance through automated reporting in line with cybersecurity and functional safety standards.

According to Jalal Bouhdada, the founder and CEO of Indurex, "Cybersecurity in these critical sectors has historically been centered solely on the network. Our approach focuses on the core industrial data itself: the engineering, process, and safety signals that determine whether a plant is operating within safe limits. Engineering Intelligence is the missing link, and this funding enables us to extend that capability to a broader range of operators across critical infrastructure."

Indurex's initial clientele includes mid-sized energy and manufacturing companies, as well as large multinational enterprises. The firm also aims to serve utilities and data center operators. The newly acquired funding will be allocated towards research and development, as well as the expansion of Indurex's commercial operations. The company initially plans to concentrate on Europe and the Middle East before extending into the United States and Asia-Pacific regions.