Frenos Raises $1.52 Million in Seed Extension Round

Frenos, a Charlotte-based company specializing in operational technology (OT) security, has successfully raised $1.52 million in a Seed Extension funding round. The round was led by Momenta and Exposition Ventures, with additional participation from Riptide Ventures.

Founded by Brian Proctor (CEO), Eric Profittlich (COO), and Harry Thomas (CTO), Frenos provides advanced security solutions aimed at transforming OT environments. Their platform offers continuous simulated penetration testing, AI-driven vulnerability prioritization, and real-time adversary assessments to help organizations enhance their defense against emerging threats.

Strategic Investors

The Seed Extension round saw significant contributions from lead investors Momenta and Exposition Ventures, alongside Riptide Ventures. This funding is expected to accelerate Frenos's growth and development in the OT security sector.

Use of Funds

While specific plans for the newly acquired funds were not detailed by Frenos, companies in similar positions typically allocate resources to expand their product offerings, enhance technology infrastructure, and grow their team. Given Frenos's focus on security solutions, it is likely that part of the investment will be directed towards further innovation in their AI-driven security platform.

Leadership Insights

Brian Proctor, CEO of Frenos, highlighted the importance of this funding round in enabling the company to continue its mission of providing robust security solutions for OT environments. "This investment will allow us to push the boundaries of what our platform can achieve," said Proctor.

Eric Profittlich, COO, added, "With the support of our investors, we are well-positioned to address the growing cybersecurity challenges faced by industries relying on OT systems."

Conclusion

With the backing of prominent investors, Frenos is set to further its impact in the OT security landscape. As the company continues to innovate, it aims to offer increasingly sophisticated solutions to meet the evolving needs of its clients.