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Dragos raises $74M to secure industrial control systems from threats

Startup News FYIStartup News FYI ยท 1y ago
Dragos raises $74M to secure industrial control systems from threats
Medial

Dragos, a company focused on securing control systems for manufacturing and industrial equipment, has raised $74 million in a Series D round extension led by WestCap. The funding will be used to expand the company's customer base and make industrial cybersecurity more accessible globally. Dragos helps protect infrastructure in industries such as electric, water, oil and gas, and chemical from cyber threats. With attacks on industrial control systems increasing in frequency and sophistication, the global market for industrial cybersecurity is predicted to reach $10.2 billion by 2025. Dragos aims to provide visibility and analytics to identify and respond to threats in industrial control systems.

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Olee.space raises $3 Mn in seed round

EntrackrEntrackr ยท 24d ago
Olee.space raises $3 Mn in seed round
Medial

Olee.space, a laser-based communication and photonics defense system, has secured $3 million in a seed funding round from Rockstud Capital and other global investors. The fresh funds will be allocated towards scaling production, advancing its quantum-secure communication protocols, and expanding its defense tech roadmap, Olee.space said in a press release. Co-founded in 2023 by James Solomon and Suman Hiremath, Olee.space is a photonics and defense technology company that builds next-generation systems in Free-Space Optical Communication (FSOC), quantum-encrypted networking, and directed energy weapons. Its advanced solutions include resilient systems for terrestrial, inter-satellite, and ground-to-space links, designed for low latency, maximum security, and optimized data throughput. As per the Pune-based startup, Free-Space Optical Communication (FSOC) uses low-powered infrared laser beams to deliver ultra-fast, secure data links across land, air, sea, and space. Olee.spaceโ€™s DEW platform, which is under development for anti-drone/UAV and anti-satellite operations, is designed to deliver precision tracking, real-time targeting, and neutralization of aerial threats. โ€œI have always been fascinated by how lasers function. Working with light gives me happiness and I am here to do as much justice to this domain as any of my able team members. What we do here is rewarding to the country, and would continue doing so,โ€ said James Solomon, founder and CEO of Olee.

Promethean Energy raises $2 Mn in pre-Series A round

EntrackrEntrackr ยท 3m ago
Promethean Energy raises $2 Mn in pre-Series A round
Medial

Promethean Energy, a cleantech startup focused on decarbonising industrial heating, has raised $2 million in its pre-Series A round led by Transition VC, with participation from Sangam Venture, Sagana Capital, and Fondation Botnar. The proceeds will be used to expand its product line, build AI-based energy optimisation tools, and grow its presence in India and Southeast Asia. The Mumbai-based brand develops industrial-grade heat pump and waste heat recovery systems to replace fossil-fuel-based heating. Its products integrate thermal storage, smart controls, and energy monitoring. The firm offers solutions suited to Indian industrial conditions and operates under both CAPEX and ESCO models. Promethean's systems are used by companies including Hindustan Unilever, Godrej Industries, and Raymond Textiles. The technology is deployed across sectors such as chemicals, textiles, FMCG, and steel, with over 100,000 tonnes of CO2 savings reported annually. It aims to decarbonise 1,000 factories by 2027 and is preparing for international pilots in Bangladesh, Indonesia, and the Middle East.

Dronetech startup Zuppa raises $1.5 Mn in bridge round

EntrackrEntrackr ยท 1m ago
Dronetech startup Zuppa raises $1.5 Mn in bridge round
Medial

Dronetech startup Zuppa raises $1.5 Mn in bridge round Zuppa, a Chennai-based deep-tech startup focused on autonomous drone systems, has raised $1.5 million in a bridge funding round led by entrepreneur Rahul Dewan (founder of Srijan Technologies) with participation from Ajay Gupta (Capital Foods) and the Mangwani Family Office (ex-Aquapharm Chemicals). The round brings both capital and high-impact entrepreneurial backing to the company. The new funds will be used to strengthen Zuppaโ€™s R&D and deepen its presence in defence and dual-use drone technologies. Founded by aerospace engineers, Zuppa builds fully indigenous drone intelligence platforms including flight control systems, vision guidance, secure cyber-physical stacks, and AI-based targeting. These systems are designed to operate independently of GPS and high-bandwidth internet, enabling performance in complex and remote environments. The firm claims to have built a high-barrier entry position in the defence drone segment and is already involved in post-Operation Sindoor deployments where Indian drone tech was found lacking. With deployments already underway and a patent-backed IP stack, Zuppa is also collaborating with academic institutions and government bodies to influence national drone policy and standards.

Semiconductor company Mindgrove launches Indiaโ€™s first commercial MCU chip

Economic TimesEconomic Times ยท 1y ago
Semiconductor company Mindgrove launches Indiaโ€™s first commercial MCU chip
Medial

Fabless semiconductor startup Mindgrove Technologies has launched Secure IoT, claimed to be India's first commercial high-performance system on chip (SoC) for IoT devices. The chip is expected to cost 30% less than similar options in the market. Mindgrove, supported by IITM Pravartak Technologies Foundation and incubated in the IIT-Madras Incubation Cell, aims to reduce the cost of devices for local companies without compromising on features. The Secure IoT chip offers programmability, flexibility, security, and superior computing power for various connected smart devices, including wearables, smart city devices, smart home devices, EV battery management systems, and control systems. Mindgrove will also provide design support to Indian brands.

ThreatLocker: Securing tomorrow begins with a zero-trust approach today

TechradarTechradar ยท 1y ago
ThreatLocker: Securing tomorrow begins with a zero-trust approach today
Medial

The rise of cyber threats, fueled by geopolitical events and the increased use of artificial intelligence, has made cybersecurity a top concern for governments, businesses, and individuals. Traditional defense systems and endpoint detection tools are no longer sufficient to combat dynamic threats in a remote-working and cloud-based environment. A zero-trust, default-deny approach offers a strong strategy to enhance cybersecurity. ThreatLocker, among other providers, utilizes this approach by identifying normal operations, approving trusted applications, and denying untrusted software. This proactive approach minimizes vulnerabilities and significantly reduces response time. Collaboration and cooperation among cybersecurity providers are also crucial for creating a more secure landscape for businesses. Embracing new principles, collaboration, and a culture that recognizes the continuous presence of threats will shape the future of cybersecurity.

Clean-tech startup HYLENR raises $3 Mn in pre-Series A round

EntrackrEntrackr ยท 1m ago
Clean-tech startup HYLENR raises $3 Mn in pre-Series A round
Medial

Clean-tech startup HYLENR raises $3 Mn in pre-Series A round HYLENR, a clean energy startup harnessing patented Low Energy Nuclear Reactions (LENR) to develop scalable, carbon-free heat energy systems for industrial heat and power, has raised $3 million in pre-Series A funding round co-led by Valour Capital and Gyan Vardhan. Clean energy startup HYLENR has raised $3 million in a pre-Series A funding round co-led by Valour Capital and Chhattisgarh Investments Limited, with participation from other investors such as Karthik Sundar Iyer and Anant Sarda. The proceeds will be used to enable it to fast-track from pilot to market launch and signaling growing investor confidence in LENR as a viable alternative to fossil fuels, HYLENR said in a press release. Launched in 2024, HYLENR Technologies is a next-generation energy startup, and its proprietary LENR-based hybrid heat systems aim to revolutionize thermal energy generation across industries such as manufacturing, oil & gas, district heating, and clean water desalination. According to the company, LENR is now protected by two patents, one for the product architecture, and another for the underlying process innovation. โ€œOur recent lab results show unprecedented energy gain ratios, and this round gives us the momentum to focus on our product roadmap. We have begun early proof-of-concept tests, with several government bodies and large corporations showing interest in our LENR systems. The next phase will focus on scaling manufacturing and expanding globally,โ€ said Siddhartha Durairajan, chairman and managing director of HYLENR. HYLENR says that its pilot projects are already underway with leading government institutions and industrial players, aimed at replacing conventional fossil-based systems with sustainable, next-generation alternatives. The companyโ€™s product pipeline includes products ranging from 7.2KW for domestic consumption all the way to 1MW for large-scale industrial applications.

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