DriveLock SE, an endpoint protection specialist for Industry 4.0 headquartered in Munich with offices in San Francisco, Sydney, and Singapore, has successfully completed a capital increase of $6 million. The investment round was led by majority investor Nordwind Capital with participation from existing and new shareholders at a pre-money valuation of $60 million.
DriveLock offers a next-generation cybersecurity software solution. Thanks to what the company calls its unique architecture and functionality, DriveLock enables companies, governments, and organizations to effectively and efficiently prepare for and respond to cyberattacks in Industry 4.0 environments and other IT infrastructures.
Artificial intelligence for greater security
With more than three million protected endpoints and over three thousand customers, DriveLock claims to be one of the most experienced security software manufacturers for Industry 4.0. It is also one of the first companies to use machine learning in cybersecurity and successfully deliver application whitelisting based on artificial intelligence (AI) to large industrial corporations around the world.
In addition to cloud-based AI for open-circuit environments, DriveLock also offers on-premises agent-level AI for closed environments with offline devices in Industry 4.0 environments. The DriveLock solution is designed to protect against both current and future threats in industrial and office IT environments. The cybersecurity software has successfully prevented the execution of zero-day exploits in all industries affected by recent cybersecurity attacks.
Further innovations in the pipeline
The company reports that its most significant successes have been achieved in sectors with particularly stringent regulatory requirements, such as healthcare, financial services, utilities and manufacturing, as well as government, military, and intelligence. Further product innovations are planned for the near future to further accelerate the company's growth.
