DeNexus develops an end-to-end cyber risk management platform for industrial and operational technology networks, centered on its flagship product DeRISK™. DeRISK™ employs advanced simulation, AI, machine learning and internal OT network data to forecast incident probabilities and translate them into quantifiable financial risks. The solution is used by Global 1000 companies across energy, manufacturing, transportation and data center operations. Led by CEO Jose Seara, the company positions itself to establish the global standard in industrial cyber risk management for risk owners, investors, boards and the risk transfer market. The company intends to use its new funding to accelerate growth and expand product offerings and markets. DeNexus’s board includes Jose Seara, Alex Horvitz, Herb Madan, Rosa Kariger and incoming member Rimmo Jolly. DeNexus’ core product is DeRISK, a Cyber Risk Quantification and Management (CRQM) platform that uses AI, machine learning and probabilistic inference to produce evidence-based inside and outside data for industrial cyber risk management. The company maintains a DeNexus Knowledge Center of OT cyber risk data and a DeNexus Trusted Ecosystem for data integrity, encryption and anonymization to protect sensitive critical-infrastructure telemetry. DeNexus has built bottom-up accumulation models and plans continued model generation cadence (generation 5 deployed, generation 6 planned) including the first industrial Cyber CAT model in 2024. The firm is expanding sector coverage beyond power generation into manufacturing, energy transmission and distribution, and plans to add transportation, airports and data centers. On the commercial side, DeNexus reports having reached a million ARR and has progressed from friend-and-family funding to an initial VC investment. It has also secured a license to operate as an Innovative Insurance Broker in Bermuda through its subsidiary DNX Intermediaries and is developing risk-transfer products with capacity providers. The company targets Global 1000 industrial customers across North America, Europe, Middle East and Asia Pacific.

Total raised

$18M

Funding rounds

2

Latest round

Series A

Latest activity

Oct 2024