Bayshore Networks, a provider of security solutions for the Industrial Internet of Things (IoT), announced on Tuesday that it has raised $6.6 million in Series A funding from Trident Capital Cybersecurity and existing angel investors.
Founded in 2012, Bayshore is on a mission to help protect industrial enterprises against Internet-based cyberattacks.
The company offers a cloud-based IT/OT Gateway that provides IT departments with visibility into OT (Operational Technology) infrastructure, networks, applications, machines and workers.
“These OT networks are undergoing transformation and require services traditionally available for IT networks, such as secure remote access and analytics,” the company explained. “Bayshore provides immediate value by preventing OT process disruptions and enhancing operational efficiency and business continuity.”
Bayshore says that its technology provides “extremely granular inspection and filtering of network flows – all the way down to machine sensor values – and the ability to provide security enforcement and application segmentation and isolation via flexible, rapidly deployed policies.”
The company said that the new funding would be used to complete the relocation of its headquarters from New York City to Bethesda, Maryland—a move being made to tap cybersecurity talent in Washington, D.C. area. The funding will also support investment in R&D and in the expansion of its engineering and sales teams.
“Because industrial cyber attacks are typically based on granular machine instructions that alter sensor values, Bayshore’s unique technology is well positioned to detect industrial attacks that are often overlooked by other security technologies,” the company said.
For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.
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