DENEXUS

Quantified cyber risk management for industrial and operational technology environments

Specialty Solutions Growth Series A

Overview

DENEXUS delivers an evidence-based, end-to-end cyber risk management platform purpose-built for industrial and operational technology (OT) environments. Founded in 2019 by Jose Seara, the company provides quantified cyber risk intelligence to industrial organizations, enabling CISOs, operations teams, and cyber insurance underwriters to measure and manage OT cyber risk in financial terms.

The platform specializes in cyber risk quantification for critical infrastructure sectors including energy, manufacturing, data centers, and transportation. Using AI-enhanced analysis built on industry standards including MITRE ATT&CK for ICS, FAIR Taxonomy, NIST-CSF, and ISO 27001, DENEXUS produces financial risk estimates that map directly to insurance policy structures and board-level decision-making.

The company has raised USD 32.8 million in total funding, including a USD 17.5 million Series A in October 2024 led by Punja Global Ventures with strategic investment from AXA XL -- reflecting the platform's direct relevance to industrial cyber insurance underwriting. DENEXUS serves Global 1000 companies across critical infrastructure sectors, with engineering operations in Madrid, Spain.

Products & Services

DeRISK CRQ (Cyber Risk Quantification and Management)

Quantifies the financial impact of cyber risks across OT assets and cyber-physical systems (CPS), providing monetary risk estimates aligned with insurance policy structures and board-level decision-making.

Key Features

Financial exposure modeling for OT and ICS environments
Attack scenario analysis using MITRE ATT&CK for ICS
Risk estimates mapped to insurance policy structures
Board-ready reporting for CISO and executive stakeholders

Target Users: CISOs, executive leadership, cyber insurance underwriters

DeRISK QVM (Quantified Vulnerability Management)

Prioritizes and manages vulnerabilities in OT infrastructure based on quantified risk impact, supporting evidence-based remediation decisions.

Key Features

Risk-weighted vulnerability prioritization for OT environments
Integration with OT asset inventories
Remediation cost-benefit analysis
Continuous risk posture monitoring

Target Users: OT operations teams, security engineers

DeNexus Knowledge Center

Knowledge and resource platform supporting cyber risk education, peer benchmarking, and industry best practices for OT cybersecurity.

Target Users: CISOs, risk managers, insurance underwriters

Risk Management Services

Professional advisory services for OT cyber risk assessment, program development, insurance readiness, and risk transfer optimization.

Target Users: Enterprise OT security teams, insurance buyers

At a Glance

Founded: 2019
Headquarters: Boston, Massachusetts, USA
Employees: 11-50
Funding: Series A

Category & Focus

Category: Specialty Solutions
Subcategories: Cyber risk quantification OT/ICS security industrial cyber insurance support
Insurance Verticals: Specialty/E&S P&C Commercial
Target Customers: Carriers, MGAs/MGUs