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Cybersecurity Funding

Canadian Industrial Security Firm iS5Com Raises $17 Million

iS5 Communications (iS5Com), a Canadian provider of networking and cybersecurity solutions for industrial systems, announced on Tuesday that it has raised roughly $17 million (CDN $22 million) in funding. 

iS5 Communications (iS5Com), a Canadian provider of networking and cybersecurity solutions for industrial systems, announced on Tuesday that it has raised roughly $17 million (CDN $22 million) in funding. 

iS5Com RaptorAccording to the company, the funding will be used to enhance its flagship RAPTOR platform and to develop additional solutions for securing critical infrastructure communications and networks.

Designed to protect Smart Cities and various critical infrastructure systems, including those in harsh environments,  RAPTOR is compliant with IEC 61850 Ed. 2, IEEE 1613, and EN50155 standards.  The flexible platform allows the customers to connect various plug‐in modules to meet functional requirements, the company says.

Additionally, the company says that all of its products have the ability to transmit data efficiently without the loss of any packets under harsh environments and EMI conditions.

Phoenix Contact Innovation Ventures GmbH led the round with participation from new investors, existing shareholders and management. 

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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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