iS5Com closes C$22 mln round led by Phoenix Contact’s VC fund
IS5 Communications Inc, a Toronto-based provider of cyber-secure industrial platforms, has closed C$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. Representatives of Phoenix and ClearSky have joined the board. 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.
8 August 2018•3 mins read
