Funding validates recent progress and significant market opportunity; enables company to meet growing market demand, grow the team and focus on bringing cyber-compliance and security to critical infrastructure industries
Network Perception, the market leading software solution for cyber- compliance and network security in the electrical utility industry, announced a $2.73 million Seed round of funding led by Serra Ventures, Okapi Ventures, and Energy Foundry, with additional support from Early Light Ventures, SaaS Ventures, Illinois Ventures, and Service Provider Capital. This new funding will enable Network Perception to scale its activity in the electric utility sector and beyond in order to meet the demand for critical infrastructure industries throughout the U.S. and overseas.
“We are very excited to welcome Okapi as new investors. Having their financial and strategic support both validates the market opportunity for our business and fuels our momentum to grow as a company”
“We are thrilled to have the chance to back the Network Perceptions team. Our firm has a long history investing in cybersecurity technologies and we believe NP is delivering a crucial software solution to help protect the integrity, reliability and safety of our electrical grid from the persistent and emerging threats that put it at risk,” stated Jeff Bocan, Partner of Okapi Capital.
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The growing complexity of IT infrastructure makes the task of keeping a compliant network additionally challenging. Policies are changing, use cases are evolving and a variety of technologies can disrupt compliance requirements. The Network Perception proprietary solution gives critical infrastructure industries confidence in their cyber-compliance as well as network security through a unique risk assessment and network visualization solution.
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“We are very excited to welcome Okapi as new investors. Having their financial and strategic support both validates the market opportunity for our business and fuels our momentum to grow as a company,” said Robin Berthier, CEO and co-founder of Network Perception.
Jeff Bocan from Okapi Venture and Rob Schultz from Serra Ventures joined the NP Board of Directors.
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