Indurex, a company developing artificial intelligence (AI) for cyber-physical systems (CPS) security, has raised €7 million in a funding round led by Contrarian Ventures, with participation from Axeleo Capital and Curiosity. The funding will support the company’s commercial expansion across Europe and the Middle East as cyber threats increasingly target the cyber-physical systems underpinning critical infrastructure, industrial operations and safety-critical environments.
The round follows Indurex’s recognition by Gartner as a Cool Vendor earlier this year — external validation of an approach the company calls Engineering Intelligence, built to treat safety, cybersecurity and operations as interdependent disciplines that must work in concert to achieve resilience.
Indurex works with critical infrastructure operators across oil and gas, energy, utilities, manufacturing, and data centres — sectors facing mounting challenges from IT-OT convergence, cyber sabotage and cascading system failures, alongside increasing legislation and compliance requirements. The funding will be used for R&D, and to build out Indurex’s commercial capabilities, with Europe and the Middle East as priority markets ahead of expansion into the U.S. and Asia-Pacific (APAC).
Traditional OT security tools were built to provide visibility into network-connected assets and activity. But industrial risk has never lived on the network alone: operators need to know not only what is connected, but whether engineering configurations, protection settings and safety functions remain aligned with their intended state, a layer that conventional tooling has under-addressed for years.
Indurex closes this gap with an AI-native, interoperable platform that unifies engineering context and cybersecurity intelligence — an approach the company defines as Engineering Intelligence. Indurex SafeGuard AI ingests data from sources including distributed control systems (DCS), safety instrumented systems (SIS), historians, alarm management systems and IT security tools, offering extensive integration capabilities and using AI agents to surface the anomalies and engineering deviations that require human attention and decision-making.
“With Indurex, cybersecurity and process safety are no longer managed in silos. The platform correlates OT, safety, and engineering signals into one coherent view, allowing us to understand what really matters operationally,” said Head of OT Operations, Global Manufacturing Organisation. “This has significantly improved our ability to move from detection to action, reducing noise and strengthening both safety integrity and cyber resilience.”
By securely correlating diverse operational and security telemetry, the platform transforms complex industrial data into context-aware, AI-driven insights with recommended actions. This creates value across three dimensions. Operational excellence and safety integrity improve through fewer trips and faster cause analysis, enabled by unified situational awareness and continuous assurance for process integrity.
Cyber resilience improves through contextualised detection and response across digital and physical domains, aligned with operational and safety impact. Cost and compliance benefit from automated reporting and defensible evidence of risk, control maturity and safety integrity against relevant cybersecurity and functional safety standards, such as IEC 62443, IEC 61511/61508, NIS2, NIST CSF and NERC CIP.
“Cyber defenses in these critical sectors have focused solely on the network. We focus on the core industrial data itself: the engineering, process and safety signals that determine whether a plant is operating within safe limits,” said Jalal Bouhdada, founder and CEO of Indurex. “Cybersecurity and operational excellence have too often been managed as separate disciplines — Engineering Intelligence is the missing layer, and this funding allows us to bring that capability to more operators across critical infrastructure.”
Indurex’s early customers are critical infrastructure operators ranging from mid-sized energy and manufacturing companies to large multinational enterprises, with utilities and data centre operators also among its target markets.
“Electrification is putting more critical infrastructure online, and attacks on it are rising, with the damage felt in the physical world: cold homes, dark hospitals, water that stops flowing. Detection alone is no longer enough,” said Rokas Peciulaitis, founder and managing partner at Contrarian Ventures. “Operators need to understand what an alert means for the physical process behind it. Having built and sold a company in this space, Jalal knows what operators across oil and gas, power and manufacturing need, which makes Indurex one of very few companies that understands both the network packet and the physical process.”
More than one in five industrial organisations (22%) experienced an industrial control systems (ICS) or operational technology (OT) cyber incident in the past year, with 40% of those incidents disrupting operations and nearly 20% taking more than a month to remediate, according to the SANS Institute’s State of ICS/OT Security 2025 survey. A separate SANS survey found that 58% of respondents named IT compromises spreading into OT networks as the leading initial attack vector for ICS/OT incidents. As IT and OT environments become increasingly interconnected, AI is also giving attackers new capabilities to accelerate and scale their operations, helping them discover, adapt and operationalise cyber capabilities faster than before.
Indurex is built for this new era, treating safety, cybersecurity and operations as interdependent disciplines that must work in concert to achieve resilience.
