Amsterdam’s Indurex Raises $7.6M to Secure Cyber-Physical Systems

Jan de Vries · 2026-10-22

You know that sinking feeling when the power goes out? Or when the water stops flowing? That's the kind of real-world chaos that cyberattacks on critical infrastructure can cause. And it's exactly what Indurex, a startup out of Amsterdam, is trying to prevent. They just raised €7 million (about $7.6 million) less than nine months after emerging from stealth. The round was led by Contrarian Ventures, with participation from Axeleo Capital and Dutch VC firm Curiosity. Not bad for a company that's barely out of the gate. ### Why This Matters Now Electrification is putting more of our critical infrastructure online—think power grids, water treatment plants, hospitals. And attacks on these systems are on the rise. The damage isn't just digital; it's physical. Cold homes, dark hospitals, water that stops flowing. As Rokas Peciulaitis, Founder and Managing Partner at Contrarian Ventures, puts it: "Detection alone is no longer enough. Operators need to understand what an alert means for the physical process behind it." That's where Indurex comes in. ### Engineering Intelligence: The Missing Layer Indurex was founded by Jalal Bouhdada and Maarten Oosterink, two seasoned pros in operational technology (OT), process safety, and cybersecurity. They launched in January 2026 with a clear mission: keep complex cyber-physical systems resilient, safe, and secure. Their secret sauce? Something they call Engineering Intelligence—a single layer that brings together cybersecurity, process safety, and engineering operations. Their platform, Indurex SafeGuard AI, pulls data from distributed control systems, safety instrumented systems, historians, alarm management systems, and IT security tools. Then it uses AI agents to spot anomalies and engineering deviations, giving operators a unified view that links cybersecurity alerts directly to the physical process behind them. That's something conventional OT security systems have failed to do. > "Cyber defences in these critical sectors have focused solely on the network. We focus on the core industrial data itself: the engineering, process and safety signals that determine whether a plant is operating within safe limits." — Jalal Bouhdada, co-founder and CEO of Indurex ### What Customers Are Saying Indurex's early customers range from mid-sized energy and manufacturing companies to large multinational enterprises. They're seeing value in three key areas: - **Operational excellence and safety integrity:** Unified situational awareness means fewer surprises and safer operations. - **Cyber resilience:** Detection and response are aligned with operational and safety impact, so you're not just chasing alerts—you're understanding them. - **Compliance:** Automated reporting against frameworks like IEC 62443, IEC 61511/61508, NIS2, NIST CSF, and NERC CIP saves time and headaches. ### The Threat Is Real This funding couldn't come at a better time. According to the SANS Institute's State of ICS/OT Security 2025 survey, more than one in five industrial organisations experienced an ICS or OT cyber incident in the past year. And the consequences are severe: 40% of those incidents disrupted operations, and close to 20% took more than a month to fully remediate. That's a lot of downtime and a lot of risk. ### What's Next for Indurex? With the fresh capital, Indurex plans to double down on research and development and expand its commercial operations across Europe and the Middle East. And they're not stopping there—they've got their sights set on the United States and Asia-Pacific next. If you're in the market for a way to bridge the gap between cybersecurity and physical operations, Indurex might just be the name to watch. So, what do you think? Is your organization prepared for a cyber-physical attack? The stakes are high, and the threats are only getting more sophisticated. Indurex is betting that a unified approach—one that speaks both the language of network packets and physical processes—is the future. And with $7.6 million in the bank, they're well on their way to proving it.