# NanoLock Security

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nanolock-security

- Industry: IT Security/Cybersecurity
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.nanolocksecurity.com
- Total disclosed funding: $17M
- Latest round: Series B (Jul 7, 2021)
- Investors on record: 4

## About

Based in the US, NanoLock Security Inc. delivers advanced cybersecurity solutions designed specifically for operational technology, ensuring device integrity and secure access across critical infrastructure sectors.Founded in 2016, NanoLock Security Inc. operates from Tel Aviv-Yafo, Israel, focusing on cybersecurity for operational technology assets. The company was co-founded by Eran Fine and Shlomo Oren, with Eran Fine serving as CEO. As of January 2025, NanoLock has raised a total of USD 11.00 mn in funding, with their most recent funding round being a Series B, during which they secured USD 11.00 mn from investors including AWZ Ventures, Atlantica Ventures, HIVE2040, and OurCrowd. Over its history, NanoLock has completed four deals.NanoLock Security specializes in device-level, zero-trust cybersecurity solutions for operational technology (OT) assets, primarily targeting industries such as energy, water utilities, and manufacturing. Their flagship product, OT Defender, provides comprehensive protection for programmable logic controllers (PLCs) by ensuring secure access and maintaining the integrity of these crucial devices. Key functionalities include real-time visibility into PLC activities, robust authentication and authorization mechanisms for users, and seamless integration with existing systems to minimize operational disruptions. NanoLock's solutions are designed to prevent production disruptions and enhance the overall cybersecurity posture of organizations, particularly in regions with a high concentration of industrial operations, such as North America, Europe, and parts of Asia.NanoLock generates revenue through a subscription-based model for its OT Defender product, catering primarily to business-to-business (B2B) clients within the industrial sector. Clients typically enter into service agreements that include tiered pricing based on the scale of deployment, which may involve multiple PLCs and user accounts. The company's transactional structure focuses on direct partnerships with system integrators and managed security service providers (MSSPs), allowing entities to enhance their cybersecurity frameworks while ensuring ongoing support and updates. Revenue is driven by both initial licensing fees and recurring subscription costs associated with continuous service and support, ensuring long-term client engagement and operational efficiency.In January 2025, NanoLock Security Inc. raised an undisclosed amount of venture funding from new investor Bimbo Ventures, with participation from returning investor AWZ Ventures. The company plans to utilize this funding to strengthen defenses against cyberattacks and preserve the safety of vital food supply operations. Future growth initiatives include the development of new products aimed at enhancing their cybersecurity offerings, along with plans to expand into new markets, particularly focusing on regions that require heightened security in operational technology.

## Funding rounds

- Series B, Jul 7, 2021, $11M — OurCrowd, AWZ Ventures, Atlantica Ventures, HIVE2040
- Series A, Apr 5, 2020, $5.5M — OurCrowd, AWZ Ventures

## Investors

- OurCrowd (https://capitalatlas.ai/funds/ourcrowd) — Series A, Series B
- AWZ Ventures (https://capitalatlas.ai/funds/awz-ventures) — Series A, Series B
- Atlantica Ventures (https://capitalatlas.ai/funds/atlantica-ventures) — Series B
- HIVE2040 — Series B