EnterpriseWorks Graduate Network Perception Raises $2.7 Million Seed Round

EnterpriseWorks incubator graduate Network Perception, a Chicago-based provider of a software solution for cyber- compliance and network security in the electrical utility industry, announced this week it has raised $2.73 million in seed funding.

The round was led by Champaign-based Serra Ventures, Okapi Ventures, and Energy Foundry, with participation from Early Light Ventures, SaaS Ventures, Illinois Ventures (the venture capital arm of the University of Illinois), and Service Provider Capital.

Jeff Bocan from Okapi Venture and Rob Schultz from Serra Ventures joined the NP Board of Directors.

“We are very excited to welcome Okapi as new investors. Having their financial and strategic support both validates the market opportunity for our business and fuels our momentum to grow as a company,” said Robin Berthier, CEO and co-founder of Network Perception.

The company intends to use the funds to scale its activity in the electric utility sector and beyond.

Founded in 2014, Network Perception supplies critical infrastructure industries with a pioneering risk visualization technology empowering their cybersecurity and compliance teams.

Network Perception was based at EnterpriseWorks in the University of Illinois Research Park from its founding until it moved its headquarters to Chicago.

The company’s technology is based on research originally developed at the University of Illinois at Urbana-Champaign. For more on its history, visit its website. 

Hear about the history and future of Network Perception in this Startup Cafe presentation by CEO and co-founder Robin Berthier from Oct. 29, 2020.