Industrial Internet of Things (IoT) company, Bayshore Networks has announced that it has closed $6.6 million in Series A funding led by Trident Capital Cybersecurity.
Headquartered in Maryland, Bayshore was founded in 2012 to help protect industrial enterprises against Internet-based cyberattacks. It said the term “Industrial Internet” refers to the convergence of networked applications and sensors with industrial machinery and processes.
Bayshore said its cloud-based software, called the Bayshore IT/OT Gateway, provides IT departments with visibility into Operational Technology (OT) infrastructure, networks, applications, machines and workers.
“Trident Capital Cybersecurity watched Bayshore Networks’ growth success for nearly two years as it achieved its key milestones. “We chose to lead the Series A because Bayshore has been recognized as an innovator and early leader in an emerging cybersecurity segment that is largely untapped to date,” said Alberto Yépez, managing director of Trident Capital Cybersecurity, who will join Bayshore Networks board.
Bayshore said it would use the capital to extend its market reach. It did not specify details.
