iS5Com closes $22 mln round led by Phoenix Contact's VC fund
IS5 Communications Inc, a Toronto-based provider of cyber-secure industrial platforms, has closed a $22 million financing. The deal was led by Phoenix Contact Innovation Ventures, the venture capital arm of Germany's Phoenix Contact Group, and joined by U.S. venture capital firm ClearSky and other investors. Founded in 2012 by President and CEO Clive Dias, iS5Com provides integrated services and solutions, and makes intelligent industrial Ethernet products, for a range of sectors. The company will use the funds raised to further enhance its RAPTOR platform and develop solutions for securing critical infrastructure communications and networks.
7 August 2018•4 mins read
