# Cog Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cog-systems

- Industry: IT Security/Cybersecurity
- Headquarters: Chicago, US
- Website: www.cog.systems
- Total disclosed funding: $3.5M
- Latest round: Series A (Dec 12, 2017)
- Investors on record: 2

## About

Based in the US, Cog Systems operates as a provider of advanced security solutions, delivering innovative virtualization techniques for data protection across a spectrum of applications.Cog Systems, founded in 2014 in Chicago, US, specializes in advanced security solutions. The company has received a total funding amount of USD 3.50 mn through a SERIES A round led by Grok Ventures and Rampersand in December 2017, marking its first significant funding milestone. The founder, Carl Nerup, has a history of expertise in tech ventures but specific previous companies are not noted.Cog Systems specializes in providing advanced security solutions through its flagship product, the Aegis Secure platform. This platform utilizes Type 1 virtualization techniques, akin to those used in cloud computing, to deliver a robust security architecture designed to protect data and systems across various applications. The Aegis Secure platform is engineered to support a wide range of end-use cases, including mobile gateways, edge computing, and Internet of Things (IoT) devices. Its capabilities enable organizations to compute securely at the Edge, facilitating faster response times while safeguarding the data being processed. The target clientele includes chipset designers, original equipment manufacturers (OEMs), operators, and governmental entities across sectors that demand high-security standards, such as defense agencies and system integrators. Cog's products are marketed globally, with particular emphasis on North America, Europe, and regions with a growing demand for secure connected devices.Cog Systems generates revenue through a combination of direct sales and partnerships, primarily focusing on B2B transactions. The company’s revenue model is structured around providing its Aegis Secure platform to various commercial clients and government entities, with agreements that likely span multi-year contracts ensuring ongoing support and updates. Clients engage in subscription-based agreements covering software licensing and regular over-the-air (OTA) updates for security enhancements and feature additions. Specific arrangements may also involve partnerships with OEMs and design houses, facilitating the integration of Cog's security solutions within their products. This business model supports the scalability of the Aegis Secure platform, allowing clients to expand their security capabilities as their needs evolve, while also generating potential revenue streams from additional security services and features that can be added to connected devices.In light of the recent funding from the SERIES A round in December 2017, Cog Systems plans to utilize the USD 3.5 mn to enhance the development of its Aegis Secure platform, focusing on upcoming new products designed for an expanding market. The company is targeting growth in North America and Europe, aiming to establish a stronger presence in sectors that require high-security standards. Specific release dates for new products have not been disclosed, but the funding will be crucial in supporting the marketing and operational costs associated with these initiatives.

## Funding rounds

- Series A, Dec 12, 2017, $3.5M — Rampersand, Grok Ventures

## Investors

- Rampersand (https://capitalatlas.ai/funds/rampersand) — Series A
- Grok Ventures — Series A