Phoenix Contact helps iS5 secure funding

Aug 14, 2018 • Robert Lavine

Industrial cybersecurity software provider iS5 Communications has received $18.8m in a round backed by Phoenix Contact Innovation Ventures.

Phoenix Contact Innovation Ventures, the corporate venturing arm of industrial equipment maker Phoenix Contact, has led a C$22m ($16.9m) funding round for Canada-based industrial cybersecurity technology producer iS5 Communications.

Cybersecurity-focused venture capital firm ClearSky also participated in the round, which included unnamed existing iS5 backers. Woodside Capital Partners advised iS5 on the funding.

Founded in 2012, iS5 has developed a cybersecurity software product called Rapture to protect industrial, energy and transport systems. The funding will go to strengthening Raptor and…

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