Industrial cybersecurity startup Steryon has raised €1 million (US$1.1 million) in seed funding to enhance its operations and expand its market presence.

The funding round was co-led by 4Founders Capital and Abac Nest Ventures.

Steryon plans to use the investment to develop its technology and expand its technical and commercial teams.

The company aims to increase its deployment across industrial sectors and scale its presence both nationally and internationally in the coming months.

The Barcelona-based startup offers a platform for managing cyber risks in industrial environments.

Steryon is one of three Spanish startups selected for Google’s “Google for Startups Growth Academy: AI for Cybersecurity” program.

🔗 Source: Tech EU

🧠 Food for thought

1️⃣ Industrial cybersecurity emerges as a high-growth market driven by converging risks

Steryon’s funding reflects broader growth in the Industrial Control Systems (ICS) security market, which is projected to expand from $17.8 billion in 2023 to $25.1 billion by 2028, a compound annual growth rate of 7.1% 1.

This growth is fueled by the increasing convergence of traditional IT networks with operational technology (OT) systems, creating new vulnerabilities as previously isolated industrial systems become exposed to sophisticated cyber threats.

Governments worldwide are responding by enacting specific regulations for industrial cybersecurity 1, creating both compliance challenges and market opportunities for solutions like Steryon’s that automate regulatory adherence.

The funding aligns with a trend seen across the cybersecurity landscape, where specialized startups addressing critical infrastructure protection are attracting investment despite the overall tightening of venture capital markets.

For industrial organizations, the stakes of cybersecurity failures extend beyond data breaches to potential physical safety consequences and operational disruptions, making specialized solutions increasingly essential.

2️⃣ AI adoption accelerates in OT security despite traditional industry conservatism

Research shows 80% of industrial cybersecurity professionals now believe AI benefits outweigh potential risks in securing operational technology environments 2, marking a significant shift in an industry historically cautious about new technologies.