About the transaction
Silverpeak secured €10m in Series A financing for Sentryo, a cutting-edge industrial internet cybersecurity firm. The round completed in November 2018. It reflects the growing significance of Sentryo’s distributed technology architecture as industrial cybersecurity attacks continue to increase.
How Silverpeak added value
Silverpeak advised the Sentryo board on the company’s valuation and the size of the round. The team delivered strategic guidance before approaching investors in Europe and the United States. To support Sentryo’s US expansion from Q2 2018, Silverpeak recommended a two-phase funding approach. The first phase, with Sopra Steria and BNP Paribas Développement, completed in April. The second tranche, with Omnes and Alliance Entreprendre, completed in November.
About Sentryo
Sentryo specialises in protecting operational technology from cyber-attack. Its ICS CyberVision platform gives control engineers full visibility of their systems. It detects anomalies and accelerates incident response to minimise impact. The funding will support Sentryo’s expansion across the US and Europe.
What our clients said
Thierry Rouquet, CEO at Sentryo, said: “It was a pleasure to work with the Silverpeak team across their London and Paris offices. Silverpeak worked tirelessly to close the round. They came up with an innovative two-step closing that brought together both financial and strategic investors. We look forward to driving the business forward, including our US expansion.”
Jean-Michel Deligny, Senior Adviser at Silverpeak, said: “Industrial cybersecurity is a strategic topic and still an emerging market. Sentryo shows technical excellence and a focused indirect selling strategy. It is expanding to the US through key partnerships with Cisco and Siemens. This makes Sentryo one of the most capital-efficient companies in the sector.”
Alex de Gandt, Director at Silverpeak, said: “We explored various financing options and contacted investors globally. The round brings the best of French investors to support Sentryo’s core European markets. It also provides the capital to grow in the US. We look forward to continuing to work with Sentryo as it accelerates internationally.”