MON5 Secures €1.7 Million Funding Round Led by Primo Space for Cybersecurity Solutions
MON5 has raised €1.7 million in a funding round led by Primo Capital through its Primo Space fund. The investment includes €1.4 million in new equity and conversions of financial instruments from the SkyDeck Europe and Cloud Accelerator programs. Other participants include I3P, Open Innovation by Leonardo, and Fit4Start Luxembourg. MON5 provides cybersecurity solutions for industrial operational technology (OT), currently monitoring 95% of industrial protocols in Italy. The funding will enhance development resources and expand commercial operations, particularly in the aerospace sector.
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MON5 has completed a €1.7 million funding round led by Primo Capital via its Primo Space fund, consisting of €1.4 million in new equity and conversions from SkyDeck Europe and Cloud Accelerator. Other contributors include I3P, Open Innovation by Leonardo, and Fit4Start Luxembourg.
The startup focuses on cybersecurity for industrial operational technology (OT), monitoring 95% of industrial protocols in Italy. The new funding aims to bolster development teams and expand sales, especially in the aerospace sector, addressing the growing demand for cybersecurity solutions to protect critical infrastructure.
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