Onclave Closes Series B Financing Round to Secure 5G Wireless Communications

By Telecom Tech Outlook | Wednesday, August 12, 2020

Onclave's offerings deliver trusted, secure communications when the need to protect critical infrastructure is vital, and its unique approach and solution dramatically secure, simplify management and lowers cost

FREMONT, CA: Onclave, the industry's first, true Zero Trust Platform for protecting Operational Technologies (i.e., CS, IoT, IIoT) including 5G, completed its Series B round of financing led by Pendrell Corporation and added a new investor, Option3Ventures.

"For Onclave, this is about much more than funding - it's about partnerships with two strategic investors who are excited to help us expand and accelerate. In the fight to protect our critical infrastructure, Nation-States are the enemy," says Glen Gulyas, CEO, and Co-Founder of Onclave Networks.

This Series B financing builds on an exceptional year for Onclave, which saw steady growth as its unique, innovative technology continues to offer affordable cybersecurity solutions to secure the world's critical infrastructure.

"We believe securing 5G wireless and the Internet of Things (IoT) market will continue to see a tech-tonic shift as enterprises and government increase their reliance on IoT and look to secure those devices," says R. Gerard Salemme, Co-CEO and President of Pendrell Corporation. "Onclave is a powerful solution for the industry, and we are excited to collaborate with and support them as they work to build a great company."

Both Salemme and Thakur have joined Onclave's board of directors.

"Onclave's efforts to innovate IoT are changing the current digital landscape as we know it," said Manish Thakur, Managing Partner, Option3Ventures. "I look forward to seeing the growth of the organization and how it shapes the cybersecurity of our virtual future."

Onclave Networks realized five years ago that all operational technology needed to be protected old and new, thus developing Secure IoT, the industry's first true, Zero Trust platform that runs and protects all devices of age, operating system, manufacturer or protocol. They empower CIOs to fire-proof their enterprise vs. firefighting every breach.

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