CyberX, the IIoT and industrial control system (ICS) security company, today announced that it has raised $18 million in a strategic funding round led by Qualcomm Ventures LLC and Inven Capital. Existing investors Norwest Venture Partners, Glilot Capital Partners, Flint Capital, and OurCrowd also participated in the round, bringing total funding to date to $48 million.
The new funding will enable CyberX to further capitalize on its market leadership position by expanding its global go-to-market footprint, innovative product development, and IIoT threat intelligence capabilities.
Qualcomm Ventures has a demonstrated track record of investing in some of the top global AI and IoT startups and has experienced nine $1-billion-plus portfolio exits to date, including Fitbit and Waze. Inven Capital is the CEZ Group’s venture capital fund supported by the European Investment Bank (EIB).
CyberX PR Here