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Photo: Education Images/UIG via Getty Images

Indegy, a cybersecurity company that focuses on industrial controls systems, has raised $18 million in a Series B fundraising round let by Liberty Technology Venture Capital, a subsidiary of Liberty Media. It also announced new executives are joining its management team.

Why it matters: Hackers have long targeted industrial control systems as ways to wreak havoc in other countries — like the massive 2015 electrical outage in Ukraine that Russia activated. This added investment shows investors recognize the pressure is on to secure critical infrastructure.

The details: Centrica plc, which provides energy and services to more than 25 million accounts in the U.K., Ireland, and North America, invested in this round as well. O.G. Tech Ventures also made an investment, as did existing investors Shlomo Kramer, Magma Venture Partners, Vertex Ventures, and Aspect Ventures.

  • The funds will be used to focus on go-to market initiatives.
  • Trading places: Joe Scotto from BAE Systems and Todd Warwick from Imperva are joining as Chief Marketing Officer and Vice President of Sales for the Americas, respectively.

How it works: Indegy aims to help protect industrial control system networks — including manufacturing, energy, water, pharmaceuticals, and other critical infrastructures — from cyber attacks as well as insider threats by providing network and device anomaly detection and mitigation.

Reality check: Why "crashing the grid" doesn't keep cyber experts up at night

Go deeper

34 mins ago - Health

Biden says U.S. will have enough vaccines for 300 million adults by end of May

President Biden. Photo: Anna Moneymaker-Pool/Getty Images

President Biden on Tuesday said that ramped-up coronavirus vaccine production will provide enough doses for 300 million Americans by the end May.

Why it matters: That's two months sooner than Biden's previous promise of enough vaccines for all American adults by the end of July.

Updated 2 hours ago - Health

Texas to end all coronavirus restrictions

Texas Gov. Greg Abbott speaking at the White House in December 2020. Photo: Al Drago/Bloomberg via Getty Images

Texas will end its coronavirus restrictions next week with an upcoming executive order, Gov. Greg Abbott (R) announced Tuesday during a press conference in Lubbock.

Why it matters: After Abbott signs the new order, which rescinds previous orders, all businesses can open to 100% capacity and the statewide mask mandate will be over, though large parts of the state will remain under mask local ordinances.

Senate confirms Rhode Island Gov. Gina Raimondo as commerce secretary

Rhode Island Gov. Gina Raimondo (D). Photo: David L. Ryan/The Boston Globe via Getty Images

The Senate voted 84-15 on Tuesday to confirm Rhode Island Gov. Gina Raimondo to lead the Commerce Department.

Why it matters: The agency promotes U.S. industry, oversees the Census Bureau, plays a key role in the government's study of climate change through the National Oceanic and Atmospheric Administration, and evaluates emerging technology through the National Institute of Standards and Technology.