What is Mocana?
Founded in 2002, Mocana Corporation specializes in developing robust packaged software solutions for both commercial and defense sectors. The company is widely recognized for its best-in-class IIoT/OT security, safeguarding over 100 million devices globally. Mocana's cryptographic engine holds FIPS 140-3 Level 1 certification for various operating environments. Its TrustCore trust abstraction platform is designed for extensibility with secure elements, and its crypto abstraction platform supports third-party crypto provider plugins, enabling compliance with export/import controls without requiring application reengineering. This focus on security and compliance positions Mocana as a key player in protecting industrial and connected systems.
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 Trident Capital, Symantec Corp., Shasta Ventures, GE Ventures, and Southern Cross Venture Partners
Debt (2014): $4.5M, investors not publicly disclosed
Series E (2015): $14.8M, investors not publicly disclosed
Private Equity (2017): $11M led by GE Ventures, Shasta Ventures, Trident Capital Fund, and Sway Ventures
Unspecified (2019): $15M supported by Sway Ventures, Shasta Ventures, and Forgepoint Capital
Debt (2020): $350K featuring PPP
Key Investors in Mocana
GE Ventures
GE Ventures, the venture capital arm of General Electric, invests in companies that align with GE's diverse industrial and technology sectors, including power, aviation, and healthcare.
Shasta Ventures
Shasta Ventures is an early-stage venture capital firm that focuses on enterprise software startups, partnering with entrepreneurs to build innovative companies.
Trident Capital Fund
Trident Capital is a multistage venture capital firm with a history of investing in technology companies, recently expanding its focus to cybersecurity.
What's next for Mocana?
With substantial enterprise-level funding and a recent strategic investment, Mocana is poised for accelerated expansion and innovation. The company's consistent capital raises, spanning from Series A to private equity rounds, indicate a strong market demand for its advanced IIoT/OT security solutions. Future growth is likely to involve further development of its cryptographic and trust abstraction platforms, expanding its device protection capabilities, and strengthening its market presence in both commercial and defense industries. This strategic financing will enable Mocana to enhance its offerings and address the evolving landscape of cybersecurity threats in connected environments.
See full Mocana company page
