The Venture Codex

Led · Series A · Oct 2024

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.

Participated · Seed · Apr 2023

absolute labs is the first Wallet Relationship Management™ (WRM) platform focused on helping growth and marketing teams acquire, engage, convert, and retain customers in the next Internet. The platform leverages wallet data on public blockchains to provide deep analytics, build actionable segments, and automate cross-channel campaigns including NFT airdrops and social community engagement. absolute labs positions WRM as a bridge between Web2 CRMs and blockchain-native marketing needs, enabling identity, access, payments, and ownership-driven brand experiences. The company cites customers and partners such as LVMH, MoonPay, The Sandbox, and Mocaverse (Animoca Brands). It announced an $8 million Seed raise to accelerate growth of the WRM product and expand adoption among brands.

Participated · Equity · Oct 2022

Otonomi.ai develops a blockchain-based platform that streamlines cargo delay insurance, giving shipowners and cargo operators rapid, data-driven coverage. The system combines real-time data feeds and automated risk assessments to improve transparency and shorten the traditionally slow claims process in the marine and air-cargo markets. By focusing on delay protection, the company aims to reduce supply-chain disruptions and lower operating costs for logistics stakeholders. The newly raised capital will be used to enhance the platform’s technological capabilities and widen its geographic and customer reach. Investors see the product as a modern answer to long-standing inefficiencies in cargo insurance, an industry that has been slow to adopt digital tools. Although specific revenue or user figures were not disclosed, the Series A round underscores growing market traction and positions Otonomi to accelerate product development and commercial expansion.