NexDefense

Atlanta, United States Founded: 2012 • Age: 14 yrs Acquired By Dragos
Cybersecurity software for industrial control systems is developed and supported.

About NexDefense

NexDefense is a Technology company based in Atlanta (United States) founded in 2012, and was acquired by Dragos in March 2019. Cybersecurity software for industrial control systems is developed and supported. NexDefense has raised $8.19 million across 4 funding rounds from investors including Dragos, Mosley Ventures and BIP Wealth. The company was acqui-hired. Its focus areas include Enterprise Infrastructure, Cybersecurity, Industrial Security and Threat Prevention. Its competitors include Bayshore Networks, Industrial Defender and FoxGuard Solutions; 1 of its 3 listed competitors has raised funding.

Company details

NexDefense acquires, develops, markets and supports software technologies to protect industrial control systems (ICS) in critical infrastructure facilities for the Power, Oil Gas, Water Treatment, Chemical, Pharmaceutical and Manufacturing industries, among others. Flagship product, Sophia, is a result of extensive collaboration between the US Dept of Energy, Battelle Energy Alliance and the cybersecurity experts of Idaho National Laboratory (INL). It safely and proactively detects deviations from normal automation or systems controls operations that may signify an attempt to intrude or discover systems. It then alerts defenders before an adversary can have impact or effect. By maintaining real-time insight and control over internal and external threats. With Sophia 15.0 release, it is already beta-tested by over 70 organizations adding asset identification, deep packet inspection and enhanced visualization to its INAD system.

Key Metrics
  • Total Equity Funding
    $8.19M (USD)

    in 4 rounds

  • Latest Funding Round
    $5.62M (USD), Series A

    Nov 2015

  • Investors
    Dragos

    & 3 more

  • Acquired by
    Dragos

    (Mar 2019)

Funding Insights of NexDefense

NexDefense has successfully raised a total of $8.19M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $5.62 million completed in November 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding $8.19M
  • Total Rounds 4
  • Last Round Series A β€” $5.62M
  • First Round $125,000

    (Jun 2012)

  • Investors Count 3

All 4 funding rounds of NexDefense with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Nov 2015$5.62MSeries A––
–
Dec 2014$2.4MSeed––
Feb 2014$47,958Seed––
–
Jun 2012$125,000Seed––
–
Valuation history

4 investors in total: 4 institutional.

Investors in NexDefense

NexDefense has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Dragos, Mosley Ventures and BIP Wealth.

All
Venture Fund
Institutional
InvestorDescriptionFounded YearDomainLocation
Venture capital funding is provided to early-stage technology startups.
2013mosleyventures.comAtlanta, United States
bip-capital.com
Offers wealth management, estate planning, and investment advice to clients and businesses.
2007bipwealth.comAtlanta, United States
Threat detection is offered for industrial cybersecurity ecosystems.
2016dragos.comHanover, United States
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Investor details for NexDefense

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Timeline of NexDefense

4 dated milestones of NexDefense across 7 years, from founding to its latest funding, stage changes and deals.

  1. Founded NexDefense is founded.
  2. Funding First funding round of $125K.
  3. Funding Latest funding round, Series A, of $5.6M.
  4. Exit Acquired by Dragos.

Competitors of NexDefense

NexDefense has 3 listed competitors in our database, 1 of them funded. They include Bayshore Networks, Industrial Defender and FoxGuard Solutions.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
bayshorenetworks.com2002New York, United States$11.95M
Cybersecurity visibility for industrial IoT and OT networks is provided.
industrialdefender.com2003Foxborough, United States
Security solution for critical infrastructure
foxguardsolutions.com2009Christiansburg, United States213
Industrial cybersecurity products and services are provided for threat protection.
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Detailed competitors of NexDefense

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Web traffic of NexDefense

Websites that share an audience with NexDefense (nexdefense.com).

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Websites whose visitors overlap most with NexDefense. Affinity shows how closely the audiences match.

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100%
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100%
1.9B#18View details
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cnet.com
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Top companies in Cybersecurity & Data Protection

3 companies that operate in the same segment as NexDefense (Cybersecurity & Data Protection) in United States, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Cloud based website security solutions
2009San Francisco, California, United StatesUSD 332.1 MUSD 1.67 B7,330
Cybersecurity and zero trust solutions are delivered for secure networks.
2007San Jose, California, United StatesUSD 148 MUSD 3.35 B9,616
Cloud-based identity management solutions are provided for enterprises.
2002Denver, Colorado, United StatesUSD 136.89 MUSD 36.94 M821
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Frequently Asked Questions about NexDefense

NexDefense was founded in 2012.

NexDefense is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.

NexDefense is a funded company, having raised a total of $8.19M across 4 funding rounds to date. The company's 1st funding round was a Seed of $125K, raised on Jun 2012.

NexDefense acquires, develops, markets and supports software technologies to protect industrial control systems (ICS) in critical infrastructure facilities for the Power, Oil Gas, Water Treatment, Chemical, Pharmaceutical and Manufacturing industries, among others. Flagship product, Sophia, is a result of extensive collaboration between the US Dept of Energy, Battelle Energy Alliance and the cybersecurity experts of Idaho National Laboratory (INL). It safely and proactively detects deviations from normal automation or systems controls operations that may signify an attempt to intrude or discover systems. It then alerts defenders before an adversary can have impact or effect. By maintaining real-time insight and control over internal and external threats. With Sophia 15.0 release, it is already beta-tested by over 70 organizations adding asset identification, deep packet inspection and enhanced visualization to its INAD system.

NexDefense's top competitors include Industrial Defender, FoxGuard Solutions and Bayshore Networks.

NexDefense has 4 investors. Key investors include Dragos, Mosley Ventures, BIP Wealth, and BIP Capital.

Yes. NexDefense was acquired by Dragos in March 2019.

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