Indurex Raises €7M Series A Led by Contrarian Ventures for AI-Native OT Security

Indurex Closes €7M Series A

Indurex, an Amsterdam-based cybersecurity startup building AI-native security for cyber-physical systems in industrial environments, has raised a €7 million Series A round. The round was led by Contrarian Ventures, with participation from Curiosity VC and Axeleo Capital.

What Indurex Does

Indurex's flagship platform, SafeGuard AI, correlates data from distributed control systems, safety instrumented systems, historians and IT security tools. Using AI agents, the platform surfaces anomalies and engineering deviations that put plant safety and continuity at risk — an approach the company calls Engineering Intelligence.

The company serves critical infrastructure operators across oil and gas, energy, utilities, manufacturing and data centres.

Founding Team and Timeline

Indurex was founded by Jalal Bouhdada and Maarten Oosterink, described as seasoned OT and process-safety practitioners. The company launched in January 2026.

Deal Context

• Round type: Series A
• Amount: €7,000,000 EUR
• Date: October 22, 2026
• Lead investor: Contrarian Ventures
• Additional investors: Curiosity VC, Axeleo Capital

The round brings together a European investor base around a company focused on industrial cybersecurity — a segment where operational technology and process safety expertise are increasingly in demand as critical infrastructure operators digitize.

Why It Matters for Acquisition Watchers

Indurex operates in the OT security market, where the convergence of IT security tooling and plant-floor control systems creates both technical complexity and strategic value. The company's Engineering Intelligence approach — correlating control system, safety system and historian data with IT security signals — addresses a gap that traditional IT security vendors have struggled to cover.

For acquirers, Indurex represents an early-stage but domain-specialized asset. Potential strategic interest could come from industrial automation vendors, OT security platforms seeking to expand into process-safety analytics, or infrastructure-focused cybersecurity consolidators. The founding team's process-safety background is a differentiator in a market where credibility with plant operators matters.

With a January 2026 launch and a fresh Series A led by Contrarian Ventures, Indurex is positioned to expand its footprint among critical infrastructure operators in Europe and beyond.

Summary

Indurex has raised €7 million in Series A funding led by Contrarian Ventures, with participation from Curiosity VC and Axeleo Capital. The Amsterdam-based company builds AI-native security for cyber-physical systems, with its SafeGuard AI platform delivering what it calls Engineering Intelligence to critical infrastructure operators in oil and gas, energy, utilities, manufacturing and data centres.