What is Mocana?
Founded in 2002, Mocana Corporation specializes in the development of packaged software solutions designed to secure the industrial internet of things (IIoT) and operational technology (OT) environments. The company is widely recognized for its TrustCore platform, which provides a sophisticated trust abstraction layer, and its FIPS 140-3 Level 1 certified cryptographic engine. These technologies are essential for protecting over 100 million devices globally, ensuring that critical infrastructure remains resilient against evolving cyber threats. By offering extensibility for secure elements and third-party crypto plugins, Mocana enables organizations to maintain compliance with rigorous export and import controls without the need for extensive application reengineering.
How much funding has Mocana raised?
Mocana has raised a total of $96.1M across 9 funding rounds:
Series D
$25M
Private Equity
$15M
Debt
$4.5M
Series E
$14.8M
Private Equity
$11M
Unspecified
$15M
Debt
$350K
Series D (2012): $25M supported by Trident Capital
Private Equity (2013): $15M featuring GE Ventures, Southern Cross Venture Partners, Shasta Ventures, Trident Capital, and Symantec Corp.
Debt (2014): $4.5M, investors not publicly disclosed
Series E (2015): $14.8M, investors not publicly disclosed
Private Equity (2017): $11M led by Sway Ventures, Shasta Ventures, GE Ventures, and Trident Capital Fund
Unspecified (2019): $15M supported by Shasta Ventures, Sway Ventures, and Forgepoint Capital
Debt (2020): $350K featuring PPP
Key Investors in Mocana
Shasta Ventures
A leading early-stage venture capital firm specializing in enterprise software startups with over $1B under management.
Trident Capital
A multistage venture capital firm with a dedicated focus on cybersecurity and growth capital for technology companies.
GE Ventures
The venture arm of General Electric, focusing on industrial infrastructure, digital services, and advanced technology sectors.
What's next for Mocana?
Looking ahead, Mocana is positioned to leverage its substantial capital reserves to further penetrate the enterprise-level security market. The company's strategic focus will likely center on deepening its integration capabilities within complex industrial ecosystems and expanding its reach into emerging sectors that require high-assurance security protocols. With a proven track record of securing critical infrastructure, Mocana is poised to capitalize on the increasing convergence of IT and OT, driving further innovation in device-level security and trust management. The continued support from its diverse investor base provides the necessary runway to accelerate product development and solidify its market leadership in the face of global cybersecurity challenges.
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