# Bayshore Networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bayshore-networks

- Industry: IT Security/Cybersecurity
- Headquarters: Durham, US
- Website: www.bayshorenetworks.com
- Total disclosed funding: $11M
- Latest round: Series A (Mar 20, 2017)
- Investors on record: 5

## About

Bayshore Networks, Inc., based in the US, specializes in cybersecurity solutions tailored for IT and OT environments, providing critical protection for industries against cyber threats.Founded in 2012 and headquartered in Durham, US, Bayshore Networks, Inc. focuses on cybersecurity solutions. In July 2021, the company was acquired by OPSWAT, Inc., which is a portfolio company of Brighton Park Capital. The company has successfully completed 6 deals, with the most recent funding round being Series A, raising USD 4.4 mn from investors including Benhamou Global Ventures and Samsung NEXT Ventures.Bayshore Networks, now integrated under OPSWAT, offers a suite of cybersecurity solutions designed for IT and OT environments. Their products include OTFuse, NetWall, OTAccess, and Scrutiny, which are aimed at safeguarding critical infrastructure from cyber threats. These solutions help prevent unauthorized access, monitor network traffic, and ensure compliance with industry standards, serving clients in energy, manufacturing, and transportation across North America, Europe, and Asia-Pacific.Bayshore Networks generates revenue primarily through a subscription-based model, allowing businesses to access its cybersecurity solutions. Clients enter contracts tailored to their specific requirements, with pricing structures often tiered based on deployment scale and feature range. This model fosters ongoing B2B relationships, ensuring consistent support and updates for enterprises enhancing their cybersecurity posture.Following its acquisition in July 2021, OPSWAT, Inc. plans to utilize the proceeds of the transaction to expand Bayshore Networks' product line. The company is likely to target additional markets and geographic regions, although specific details regarding new markets and timelines were not disclosed.

## Funding rounds

- Series A, Mar 20, 2017, $4.4M — Trident Capital, BGV, Yokogawa Electric Corporation, Samsung NEXT Ventures
- Series A, Feb 13, 2017 — Trident Capital, Samsung NEXT Ventures
- Series A, May 10, 2016, $6.6M — Forgepoint

## Investors

- Forgepoint (https://capitalatlas.ai/funds/forgepoint) — Series A
- Trident Capital (https://capitalatlas.ai/funds/trident-capital) — Series A
- Samsung NEXT Ventures (https://capitalatlas.ai/funds/samsung-next-ventures) — Series A
- BGV (https://capitalatlas.ai/funds/bgv) — Series A
- Yokogawa Electric Corporation — Series A