iS5 Communications Inc. has completed a new round of financing led by PHOENIX CONTACT Innovation Ventures GmbH with participation of management and existing investors including Trellis Capital Corporation. Financial terms were not disclosed.
iS5 Communications intends to use new funding for establishing a sales force and marketing efforts for their new platform RAPTOR.
PHOENIX CONTACT Innovation Ventures GmbH is the global corporate venture capital company of the PHOENIX CONTACT Group, a global manufacturer and supplier of components and systems for electrical connection and industrial automation technology. It invests in startups with business models that are related to electrical connection technology, industrial digitization, automation and control technology, and associated markets.
iS5 Communications Inc. is PHOENIX CONTACT Innovation Ventures’ 6th investment and 2nd in North America.
In January 2016, iS5 Communications closed a new round of financing led by Trellis Capital Corporation and existing shareholders.
photo credit: iS5 Communications
iS5 Communications Inc. closes an investment round with Phoenix Contact Innovation Ventures GmbH.
21 MAR 2018
A consortium of existing investors and Phoenix Contact Innovation Ventures GmbH as a Lead investor backed the current financing round of iS5 Communications Inc. (“iS5Com”), Ontario, Canada. The growth capital will be used for establishing a sales force and marketing efforts for their new platform RAPTORTM.
Mississauga, Ontario, Canada
iS5Com recently launched its exciting RAPTORTM Series Platform at Distributech in San Antonio, Texas. RAPTORTM provides users the ability to securely connect and manage their mission critical networks. The RAPTORTM iBiome OS encompasses all Layer 2 and Layer 3 protocols as a standard. It enables users to take advantage of its unique security features, Seamless Redundancy (HSR/PRP), third party software applications, and cryptographic technologies to provide security for SCADA systems. The platform approach allows RAPTORTM to be scalable today and into the future. RAPTORTM addresses the need for advancements in cyber secure communications technology that protects critical assets in Operational Technology (OT) systems.
With this new funding round, iS5Com is well positioned to execute its market penetration strategy together with an established Corporate Venture Capital Fund. Phoenix Contact Innovation Ventures GmbH will support this development with its industrial expertise, technical know-how, and global market presence. “I am very excited to have Phoenix Contact Innovation Ventures GmbH as an investor and partner. Phoenix Contact brings incredible reach, technology, and experience to our Company”, said Clive Dias, Founder and CEO of iS5Com. “The investment will help accelerate the further development and growth of Raptor; and it allows us to showcase our own innovative technology and solutions”.
Phoenix Contact Innovation Ventures GmbH has completed its 6th investment fund and 2nd in North America round in iS5 Communications Inc. (www.is5com.com). iS5Com is a Canadian-based network company which develops and manufactures Intelligent Industrial Ethernet products and provides integrated services and solutions for mission critical infrastructure networks. “The new product series of RAPTORTM with its modularity and specific design is currently very unique in the market. The hardware and software in combination with the platform approach developed for different markets has convinced us from the first minute. The know-how of iS5Com together with Phoenix Contact will result quickly in positive results”, stated Marcus Böker, Managing Director of Phoenix Contact Innovation Ventures GmbH.
The investment round was led by Phoenix Contact Innovation Ventures GmbH. The completion of the round was done by the existing management and investors.
About PHOENIX CONTACT Innovation Ventures GmbH
PHOENIX CONTACT Innovation Ventures GmbH is the global corporate venture capital company of the PHOENIX CONTACT Group, a global manufacturer and supplier of components and systems for electrical connection and industrial automation technology. The venture capital company invests in startups with business models that are related to electrical connection technology, industrial digitization, automation and control technology, and associated markets.
About iS5 communications Inc.
iS5Com is a global provider of integrated services, solutions, and a manufacturer of Intelligent Industrial Ethernet products. Our products are designed to meet the stringent demand requirements of utility sub-stations, roadside transportation, rail, and industrial applications. iS5Com’s services and products are key enablers of advanced technology implementation such as the Smart Grid, Intelligent Transportation Systems, Intelligent Oil Field, and Internet of Things. All products have the ability to transmit data efficiently without the loss of any packets under harsh environments and EMI conditions. iS5Com is headquartered in Mississauga, Ontario, Canada.
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