Caixa Capital Risc leads €2.5M funding round for Spanish cybersecurity start-up

ECSO Member Caixa Capital Risc, the venture capital arm of CriteriaCaixa and lead investor through its Criteria Venture Tech fund, and Iberdrola, through Perseo, its program for start-ups to promote the development of technology-based companies, have joined forces to accelerate the digitisation of smart grids and cybersecurity with a €2.5 million ($2.6M) investment round in the Spanish start-up Barbara IoT.

Caixa Capital Risc is focused on investing in and supporting start-ups with strong innovation capabilities in cutting-edge B2B markets such as Industry 4.0 and cybersecurity, and in technologies such as edge computing and artificial intelligence, whose application is essential in critical infrastructures worldwide.

Roma Jelinskaite, who led the deal on behalf of Caixa Capital Risc, said: “I believe that the next phase of Industry 4.0 will focus on edge computing.
Industrial companies are increasingly moving away from a centralised cloud model while developing a specific focus on solving security problems and threats. We believe Barbara IoT can become a leading cyber-security industrial edge computing platform provider for industrial companies in the critical infrastructure sector.”

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