Indurex raises €7 million to develop industrial cybersecurity platform
The company plans to expand commercial operations, focusing first on Europe and the Middle East before entering the United States and Asia-Pacific markets.
Industrial cybersecurity company Indurex has raised €7 million in a round led by Contrarian Ventures. Axeleo Capital and Curiosity also invested, with the funding earmarked for research and development and an expansion of commercial operations.
Indurex develops technology to protect cyber-physical systems used in industrial operations and critical infrastructure. Its SafeGuard AI platform brings together engineering information and cybersecurity intelligence, drawing on control and safety systems, operational data and IT security tools.
The company says the platform uses AI agents to detect anomalies, departures from engineering configurations and possible risks. It recommends actions to help operators manage safety, cybersecurity and incident response, and automates reporting against cybersecurity and functional safety standards.
Founder and CEO Jalal Bouhdada said Indurex focuses on engineering, process and safety signals rather than network activity alone. He said the funding would help make that capability available to more critical infrastructure operators.
Early customers range from mid-sized businesses in energy and manufacturing to large multinational enterprises. Indurex is also seeking customers among utilities and data centre operators. Its expansion plans put Europe and the Middle East first, followed by the United States and Asia-Pacific.
