Waterfall Security has announced a new funding round to facilitate rapid expansion into new markets and industry verticals.
Waterfall’s priorities for expansion are rail transport and Building Automation System markets for large facilities, including airports, casinos and large government installations. Waterfall reports several tier-1 customers in these arenas already, in addition to a large installed base in existing markets, including electric power, oil & gas, and critical infrastructures across the globe.
“Waterfall is the leader in OT security. It enables the most robust OT security solutions in the market,” said Kent McGaughy, Managing Director at CPMG, who led the investment. “It is clear that Waterfall’s products are essential to protecting OT environments at any facility where physical downtime and compromise are unacceptable.”
As part of positioning Waterfall for continued success in these new markets, Travis Reese, the president of FireEye, has been named Chairman of Waterfall’s board of directors.
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