What is Mocana?
Founded in 2002, Mocana Corporation specializes in high-assurance software solutions designed for the commercial and defense sectors. The company is widely recognized for its best-in-class IIoT and operational technology (OT) security, protecting over 100 million devices worldwide. At the core of its offering is a FIPS 140-3 Level 1 certified cryptographic engine and the TrustCore platform, which provides a robust abstraction layer for secure elements. By enabling third-party crypto provider plugins, Mocana allows enterprises to maintain compliance with complex export and import regulations without the need for extensive application reengineering, positioning itself as an essential partner for organizations managing large-scale, mission-critical device ecosystems.
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 Southern Cross Venture Partners, Shasta Ventures, GE 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, Trident Capital Fund, Shasta Ventures, and GE Ventures
Unspecified (2019): $15M supported by Forgepoint Capital, Sway Ventures, and Shasta Ventures
Debt (2020): $350K featuring PPP
Key Investors in Mocana
Shasta Ventures
A prominent early-stage venture capital firm founded in 2004 that specializes in enterprise software startups and has over $1 billion under management.
Trident Capital
A multistage venture capital firm with a long history of investing in cybersecurity and technology companies, managing nearly $2 billion across multiple funds.
Sway Ventures
A venture capital firm focused on transformative innovations across finance, real estate, retail, and supply chain sectors, supporting founders from inception to exit.
What's next for Mocana?
Looking ahead, Mocana is well-positioned to leverage its deep-rooted expertise in device security to address the expanding attack surface of the industrial internet. The recent capital injection provides the necessary runway to accelerate the development of its trust abstraction capabilities, ensuring that its software remains the gold standard for secure device communication. As the convergence of IT and OT continues to accelerate, Mocana's focus on scalable, compliant, and extensible security frameworks will likely remain a primary driver of its long-term growth and strategic relevance in the global cybersecurity market.
See full Mocana company page
