Barbara IoT Raises €2.5M in Funding

Barbara IoT, Bilbao, Valencia, Madrid, Spain-based provider of a cybersecurity operating system to protect industrial equipment, raised €2.5M in funding.

TheRound was led by Caixa Capital RiscVenture capital arm of CriteriaCaixa and lead investor through its Criteria Venture TechFund, and IberdrolaThrough PerseoParticipation from GoHub Bizkaia Seed CapitalAnd Basque Fondo.

TheCompany intends to use the funds for consolidating its leadership inSmart grid industry and expansion into new markets inThe critical infrastructure sector.

LedBy David Purón and Isidro Nistal, Barbara IoTIt has created a cybersecure operation system that allows it connect to and protect industrial equipment using an anti-hacker shield. ThroughThe company’s software collects data from sensors, industrial equipment, and runs artificial Intelligence algorithms to detect anomalies and automate processes. inReal-time The technology allows real-time processing and data analysis inphotovoltaic and high- and mid-voltage grids as well as substations. Barbara IoTis already working with multinationals inCritical environments include energy, water management, emergency services, and many more. ClientsInclude Iberdrola, Cellnex, Grupo Red Eléctrica, GrupoDIA Global Omnium.

FinSMEs

11/05/2022

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