Mitsubishi Electric

AI-based solutions for evolving digital threats

Next-gen Cybersecurity

<div>
 
 SCADAfence is a cybersecurity company that uses AI/ML to provide cybersecurity solutions for large-scale operational technology (OT) networks. The platform provides full coverage of OT networks and offers visibility, risk management, and threat detection.
 
 
 Key customers and partnerships
 
 
 The company operates in the US, Israel, Japan, and the DACH (Germany, Austria, and Switzerland) region, with deployments across the globe, and provides protection for devices across various industries, including manufacturing, building management, and critical infrastructure.&nbsp;
 
 
 SCADAfence has multiple technology and distribution partnerships with some of the leading brands in the industry such as Rapid7, Cyberason, Barracuda, Check Point, Siemens, Fortinet, and Palo Alto Networks.&nbsp;
 
 
 In July 2023, SCADAfence
 <a href="https://sp-edge.com/updates/19981">
 announced
 </a>
 it was in talks to be acquired by 
 <a href="https://sp-edge.com/companies/12167">
 Honeywell
 </a>
 for an undisclosed amount.
 
 
 Funding and financials
 
 
 The company&rsquo;s most recent funding round was in March 2023, following a USD 16 million
 <a href="https://sp-edge.com/updates/17435">
 investment
 </a>
 from Fujitsu (through Fujitsu Ventures), Mitsubishi Electric, and Prosegur Corporation. The funding was expected to support&nbsp; growth and expand geographical presence. Following this investment, SCADAfence was to form strategic partnerships with all three investors to either be integrated into their systems or to be offered as a joint service.
 
</div>

<div>
 
 Nozomi Networks offers a platform to protect industrial control systems (ICS), industrial IoT, and OT devices. The company&rsquo;s platform leverages AI, behavioral analytics, and continuous monitoring capabilities to provide enterprises real-time visibility on their IoT and OT networks and detects cyber threats, vulnerabilities, and other anomalies before they materialize. The company&rsquo;s threat intelligence solution provides real-time threat and vulnerability intelligence to reduce the mean-time-to-detection (MTTD), and the Asset Intelligence solution delivers OT and IoT intelligence to detect anomalies at a faster mean-time-to-response (MTTR). The Central Management Console (CMC) integrates OT and IoT threat monitoring capabilities across site deployments in the edge or cloud (including AWS, Azure) for streamlined workflows and faster MTTR. The company offers multiple licensing options for its security solutions including subscription licenses, enterprise license agreements (ELAs), and perpetual licenses.
 
 
 Key customers and partnerships
 
 
 As of August 2022, Nozomi Networks supported over 74 million devices across the energy, manufacturing, mining, transportation, utilities, building automation, smart cities, and critical infrastructure sectors.
 
 
 The company has forged strategic partnerships in IT, OT, and IoT with the world&rsquo;s five largest IT cybersecurity companies, seven of the world&rsquo;s 10 largest industrial automation companies, and five of the world&rsquo;s top 10 consulting companies including Exabeam, Deloitte, EY, FireEye, Google Cloud, IBM Security, Cisco, Palo Alto Networks, Zscaler, and AWS.
 
 
 Nozomi Networks 
 <a href="https://sp-edge.com/updates/12649">
 partnered
 </a>
 with the smart building infrastructure and technology company, Johnson Controls in August 2022 to deliver its threat assessment solutions and further extend the cybersecurity capabilities of Johnson Controls&rsquo; customers&rsquo; IoT infrastructure with threat monitoring and visibility. In November 2022, Nozomi Networks 
 <a href="https://sp-edge.com/updates/14714">
 partnered
 </a>
 with the IoT/OT security startup, Viakoo to provide an agentless, end-to-end, IoT enterprise security management solution. During the same period, the company 
 <a href="https://sp-edge.com/updates/14713">
 partnered
 </a>
 with the low-code security orchestration, automation, and response (SOAR) startup, Swimlane toprovide a joint solution that automates security orchestration, threat detection and response to maintain continuous asset compliance and mitigate cyber threats across OT and IT entry points in industrial and critical infrastructure security operations.
 
 
 Funding and financials
 
 
 In August 2021, the company 
 <a href="https://sp-edge.com/updates/4606">
 raised USD 100 million
 </a>
 in a Series D funding round led by Triangle Peak Partners. The funds were utilized to accelerate product development and scale its go-to-market efforts by expanding its sales teams and increasing marketing initiatives.
 
 
 The company saw an over 5,000% increase in the number of devices handled during 2020, with the company doubling its customer base leading to a 90% YoY increase in new customer revenues, and an increase in annual recurring revenue by 110% during the same year. In 2020, the company reported that its market share neared 50% in key industry verticals.
 
</div>

Technology to explore opportunities beyond Earth

Space Travel and Exploration Tech

<div>
 
 Astroscale Holdings develops on-orbit servicing and related solutions. The company was initially established in Singapore in 2013 but moved headquarters to Japan in 2019. The company also has subsidiaries in the UK, the US, and Israel. In 2019, the company was named Forbes Japan startup of the year as well as being included in Time&rsquo;s list of 100 most influential companies in 2022.
 
 
 Services provided by the company include Active Debris Removal (ADR), space situational awareness, End of Life (EOL) and Life Extension (LEX) for satellites, as well as customizable docking plates. In March 2021, the company successfully launched End-of-Life Services by the Astrocale demonstration (ELSA-d) mission, which won the 2021 satellite technology of the year award, to safely remove orbital debris equipped with proximity rendezvous technology and a magnetic docking mechanism, which, in 2022 was in orbit and in the process of gearing up for the ELSA-m (multiple client removal version of ELSA-d) mission set to launch in 2024.&nbsp;
 
 
 Key customers and partnerships
 
 
 The company has partnered with the European Space Agency (ESA) on several occasions (e.g.: In December 2018, it entered into a technical cooperation for the exchange of data and expertise relating to space debris monitoring and collision avoidance and was awarded a EUR 800,000 (~USD 861,328) contract to lead a collision avoidance study in March 2022). The UK Space Agency also awarded the company a bid to study removal of two defunct satellites from space as a part of UK&rsquo;s ADR mission, which was set to be operational in 2025.
 
 
 In February 2020, Japan Aerospace Exploration Agency (JAXA) selected Astroscale for phase I of its first debris removal project as a commercial partner and in 
 <a href="https://sp-edge.com/updates/12556?industryIds=77">
 August 2022
 </a>
 for phase II. The company would be responsible for the manufacturing, launch, and operation of the satellite for JAXA&rsquo;s demonstration mission CRD2. Furthermore, Japan&rsquo;s Ministry of Economy, Trade, and Industry (METI) renewed a contract with the company for robotic arm and hand development in April 2022. Astroscale also signed an MOU with Mitsubishi Heavy Industries to collaborate on ADR missions and other space sustainability projects.
 
 
 In 
 <a href="https://sp-edge.com/updates/16667">
 February 2023
 </a>
 , the company formed a new partnership with Mitsubishi Electric to jointly develop and manufacture satellite buses for Japanese national security constellations. In June 2023, 
 <a href="https://sp-edge.com/updates/19139">
 Astroscale partnered with Share My Space
 </a>
 , a French space surveillance startup, to enhance space object surveillance and mitigate collision risks. 
 Later that month, the company 
 <a href="https://sp-edge.com/updates/19535">
 signed a contract
 </a>
 with the French national space agency, Centre National D&rsquo;Etudes Spatiales (CNES), to conduct a funded study on active debris removal (ADR) of French space debris and the identification of specific debris in early 2024.
 
 
 Funding and financials
 
 
 In 
 <a href="https://sp-edge.com/updates/16667">
 February 2023
 </a>
 , the company raised more than USD 76 million in a Series G funding round&ndash;bringing the total funding raised by the company to date to USD 376 million&ndash;with participation from Mitsubishi Electric, Yusaka Maezawa, Mitsubishi UFJ Bank, and others. The funds raised were to be used for innovative technology developments, global expansion, and increased capacity to accommodate rising demand.
 
 
 
</div>

Nozomi Networks provides an industrial cybersecurity solution for real-time visibility to manage cyber risk and improve resilience for industrial operations. Customers gain advanced cybersecurity, improved operational reliability and IT/OT integration. It supports over a quarter of a million devices in sectors such as critical infrastructure, energy, manufacturing, mining, transportation, and utilities, to tackle escalating cyber risks to operational networks (OT).

Coherent - Silicon Carbide Business products are used for electric vehicles.

Novell Crystal Technology is a develops, manufactures and sells gallium oxide epi-wafers

Hydropleap provides advanced environmental-friendly technological water treatment solutions based on cutting-edge electrical processes.

Elephantech makes electric industry more sustainable with metal inkjet printing technology.

SCADAfence is the global technology leader in OT & IoT cybersecurity. SCADAfence offers a full suite of industrial cybersecurity products that provides full coverage of large-scale networks, offering best-in-class network monitoring, asset discovery, governance, remote access, and IoT device security. A Gartner “Cool Vendor” in 2020, SCADAfence delivers proactive security and visibility to some of the world's most complex OT networks, including the largest manufacturing facility in Europe. SCADAfence enables organizations in critical infrastructure, manufacturing and building management industries to operate securely, reliably, and efficiently. To learn more, go to www.scadafence.com

Astroscale is one of the few companies in the world proposing to aid in the removal of orbital debris through the provision of end-of-life (EOL) and active debris removal (ADR) services. In addition to providing a technical solution, Astroscale is helping to define the business case for this service and is working with national space agencies, international institutions, non-profit organizations, insurance companies, and satellite operators to develop norms, regulations, and incentives that contribute to the responsible use of space.

Marbl is a one-of-a-kind Software-as-a-Service (SaaS) platform for evaluating living spaces, sizing heating and cooling loads, designing solutions and quoting customers in the home on the first visit.  Our goals are three-fold: 1) Prevent waste and improve efficiency through proper design.  2) Change the way homeowners view mini-split heating and cooling solutions as they abandon fossil fuel and start (or continue) their electrification journey, and 3) Save contractors valuable timing by enabling quoting and selling in the home.  There are longer-term aspirations.  This is our current core mission.

Quassar Capital is a firm with a broad presence in the US, founded in 2012, which manages $23.6 billion in assets. Our people have extensive experience in various fields such as applied mathematics, statistical methods, financial markets, as well as advanced programming with a quantitative approach, which has allowed a sustained growth in recent years always betting on the most innovative technology and which is reflected in the excellent results towards our investors. Delivering high-quality returns requires unwavering focus, continuous adaptation to dynamic conditions, and the active pursuit of market opportunities. To achieve this, we invest significantly in technology and infrastructure and bring together diverse perspectives and approaches.

EKE-Electronics is the expert for train automation and system integration. We provide TCMS, VCU, Gateways, RIOM, Ethernet Switches and Event recorders.

Aerial Lab Industries focuses on research and development of UAV (unmanned miniature aircraft).

Dynamic Map Platform is a company that provides research, development and commercialization of high precision 3 dimensional (3D) map data used in the realization of autonomous driving and safe-driving support systems, beginning with Japan’s motorways and expanding to overseas markets.

Realtime Robotics is a developer of a specialized processor for generating safe robot motion plans in micro-seconds. They are transforming automation in its broadest sense by enabling machines to recognize, respond and decide how and where to move in milliseconds, even in variable environments. Their RapidPlan processor harnesses cutting-edge computer processing and software to end the trade-off between speed and safety that’s holding automation back today. Realtime Robotics is resolving these limitations with specialized hardware enabling fast, collision-free motion in unstructured environments, enabling vastly broader applications of robotics in industry, and autonomous vehicles that drive naturally, enabling more rapid adoption and proliferation.

Automotive Platform Technology Japan (APTJ) primarily engages in the development, sale, and licensing of automotive software and hardware products. It was founded on September 16, 2015.

Medcom Sp. z o.o. is a rolling stock electrical equipment manufacturer.

Adastra Pharmaceuticals is a private clinical-stage oncology company that provides responsible solutions to advance patient care in oncology. It develops pharmaceutical proprietary medicines for the treatment of various cancers. The company's medicines include an oral multi-kinase inhibitor which combines the benefits of inhibiting important cyclin-dependent kinases equipotently, enabling healthcare professional to ensure better survival of their patients. Adastra Pharmaceuticals was founded in 2005 and is headquartered in San Diego, California.

Spherics develops proprietary bioadhesive encapsulation technologies to improve the oral absorption of small molecule drugs.

TeraLogic designs integrated circuits, software and platforms for digital TV.

LuxN provides intelligent optical access and transport solutions for metropolitan service providers and major enterprises. Supporting both CWDM and DWDM, LuxN's carrier-class, OSMINE-certified systems offer manageability and service level assurance for critical applications. LuxN's protocol-independent solutions enable delivery of high-bandwidth data, storage, video, and voice services for a diversified customer base including ILECs, CLECs, MSOs, utilities, municipalities, and storage providers. An ISO 9001 certified company, LuxN has a diverse base of customers and distribution partners spanning the North American, Asia-Pacific, and European regions.

A Venture Consulting firm. They play by the very different rules of the new economy. Something they call business unusual. They understand that business today is a highly combustible mixture of rapidly evolving technology, large amounts of money, highly charged people, and massive change.  The right catalyst will send your company into the stratosphere. The wrong one will leave you smoldering on the launch pad. This is business unusual. And it really is rocket science.

Mitsubishi Electric Corporation manufactures and sells electric and electronic equipment used in energy and electric systems, industrial automation, information and communication systems, electronic devices, and home appliances. It serves customers in Japan and internationally. The company’s Energy and Electric Systems segment offers turbine and hydraulic turbine generators, nuclear power plant equipment, motors, transformers, power electronics equipment, circuit breakers, gas-insulated switches, switch control devices, surveillance system controls, security systems, large display devices, and electrical equipment for locomotives. Its Industrial Automation Systems segment provides programmable logic controllers, inverters, servomotors, motors, hoists, magnetic switches, time and power meters, industrial sewing machines, computerized numerical controllers, electrical-discharge and laser processing machines, industrial robots, clutches, automotive electrical equipment, and car multimedia products.

<div> Mitsubishi Electric Corporation manufactures and sells electric and electronic equipment used in energy and electric systems, industrial automation, information and communication systems, electronic devices, and home appliances. It serves customers in Japan and internationally. </div>

Mitsubishi Electric

Recent Updates

Lindemann and Mitsubishi Electric partner to develop metal recycling solutions

Cartken partners with Uber and Mitsubishi Electric to launch droid-based food deliveries in Japan

Astroscale raises more than USD 76 million in Series G funding round

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