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Indurex

An Amsterdam startup from the founder of Applied Risk, unifying safety, process, and cybersecurity data into one view for critical-infrastructure operators.

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43/100Emerging / Unranked

Overview

Indurex is building a platform for cyber-physical systems (CPS) security that ingests and correlates data from industrial historians, instrumentation and asset management systems, alarm management, and OT network and endpoint sources, aiming to unify cyber, process, and safety context into a single operational view with adaptive risk scoring. The approach is meant to complement, not replace, existing SCADA/DCS, historian, and security tooling already deployed by industrial operators.

Founded in 2025 and based in Amsterdam, the company emerged from stealth with CEO Jalal Bouhdada, who previously founded industrial cybersecurity firm Applied Risk before DNV acquired it in 2021, and COO Maarten Oosterink. (One funding database lists a different co-founder and CEO, a discrepancy this profile could not resolve from available sources.) Indurex targets critical-infrastructure operators across energy, manufacturing, utilities, data centers, and pipeline networks, and joined the Dutch security cluster Security Delta (HSD) as a premium partner in May 2026. No funding amount has been publicly disclosed.

Innovation Matrix Assessment

Innovation Velocity 5/10

Very early stage with a founder of proven OT-security pedigree, but the product and its claims are entirely unproven at launch.

Operational Value 6/10

Correlating safety, process, and cybersecurity context into one view could materially improve response prioritization for industrial security teams, if it performs as described.

Market Momentum 2/10

No funding amount has been disclosed; the only evidence of traction is the stealth launch itself and a regional cluster partnership.

Category Disruption 5/10

Unifying safety, cyber, and process context is a genuinely different framing from typical OT network-monitoring tools like Dragos and Claroty, but remains unproven.

Real-World Efficacy 2/10

No customers, case studies, or test results exist yet; the company only emerged from stealth in 2025-2026.

Enduring Relevance 6/10

Convergence of OT, IT, and safety systems is a long-term, durable trend as critical infrastructure continues to digitize.

Why CISOs Should Care

Aims to give CISOs and OT security leaders one correlated view of safety, process, and cyber risk instead of three disconnected data sources.

What Makes It Different

Explicitly folds physical process-safety data in alongside cyber telemetry, rather than treating OT security as a purely network-monitoring problem.

The Matrix Verdict

43/100 — EMERGING / UNRANKED

Indurex is Emerging/Unranked: a credible founder with a track record in OT security (the Applied Risk exit to DNV) launching a genuinely differentiated concept, but with no disclosed funding, customers, or evidence yet to back it.

Editorial Note: Claims vs. Verified Findings

The company's own launch materials and a funding database disagree on who its CEO is; no funding amount, customer names, or performance data have been independently confirmed.

Sources