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indegy.com

Founded Year

2014

Stage

Acquired | Acquired

Total Raised

$36M

Valuation

$0000 

About Indegy

Indegy provides real-time situational awareness, visibility, and security for Industrial Control Systems (ICS) used across critical infrastructures - energy, water utilities, petrochemical plants, manufacturing facilities, etc. The Indegy platform monitors control-layer activity to ensure the reliability of ICS networks and protect against cyber attacks, malicious insiders, and operational mistakes.On December 2, 2019 Indegy was acquired by Tenable Network Security.

Indegy Headquarter Location

1460 Broadway

New York, New York, 10036,

United States

+1 866 801 5394

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Research containing Indegy

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Indegy in 2 CB Insights research briefs, most recently on Oct 7, 2021.

Expert Collections containing Indegy

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Indegy is included in 3 Expert Collections, including Smart Cities.

S

Smart Cities

1,895 items

C

Cybersecurity

4,924 items

A

Advanced Manufacturing

3,331 items

Companies focused on the technologies to increase manufacturing productivity, ranging from automation & robotics to AR/VR to factory analytics & AI, plus many more.

Indegy Patents

Indegy has filed 3 patents.

The 3 most popular patent topics include:

  • Control engineering
  • Industrial automation
  • Network management
patents chart

Application Date

Grant Date

Title

Related Topics

Status

1/17/2016

3/3/2020

Network management, Industrial automation, Network protocols, Industrial computing, IBRA regions

Grant

Application Date

1/17/2016

Grant Date

3/3/2020

Title

Related Topics

Network management, Industrial automation, Network protocols, Industrial computing, IBRA regions

Status

Grant

Latest Indegy News

Tenable Announces First Quarter 2022 Financial Results

Apr 26, 2022

April 26, 2022 16:06 ET Revenue of $159.4 million, up 29% year-over-year. Calculated current billings of $156.5 million, up 31% year-over-year. GAAP loss from operations of $17.5 million; Non-GAAP income from operations of $12.5 million. Net cash provided by operating activities of $32.9 million; Unlevered free cash flow of $32.1 million. COLUMBIA, Md., April 26, 2022 (GLOBE NEWSWIRE) -- Tenable Holdings, Inc. ("Tenable") (Nasdaq: TENB), the Cyber Exposure company, today announced financial results for the quarter ended March 31, 2022. "We delivered outstanding results in the first quarter highlighted by accelerating top line growth, strong profitability and continued investment in innovation and new product capabilities," said Amit Yoran, Chairman and CEO of Tenable. "As our customers move toward more complex workloads in the cloud, they demand a cloud security program that effectively identifies, prioritizes and mitigates cyber exposure. We see a significant market opportunity ahead as we deepen our cyber exposure platform investments around identity, cloud, attack surface management, attack path analysis and other compelling analytics." First Quarter 2022 Financial Highlights Revenue was $159.4 million, a 29% increase year-over-year. Calculated current billings was $156.5 million, a 31% increase year-over-year. GAAP loss from operations was $17.5 million, compared to a loss of $5.8 million in the first quarter of 2021. Non-GAAP income from operations was $12.5 million, compared to $13.9 million in the first quarter of 2021. GAAP net loss was $24.5 million, compared to a loss of $7.7 million in the first quarter of 2021. GAAP net loss per share was $0.22, compared to a loss per share of $0.07 in the first quarter of 2021. Non-GAAP net income was $7.0 million, compared to $14.7 million in the first quarter of 2021. Non-GAAP diluted earnings per share was $0.06, compared to $0.13 in the first quarter of 2021. Cash and cash equivalents and short-term investments were $526.1 million at March 31, 2022, compared to $512.3 million at December 31, 2021. Net cash provided by operating activities was $32.9 million, compared to $38.6 million in the first quarter of 2021. Unlevered free cash flow was $32.1 million, compared to $37.6 million in the first quarter of 2021. Recent Business Highlights Added 459 new enterprise platform customers and 17 net new six-figure customers. Delivered new capabilities for Tenable.cs, our cloud-native application security platform, to help organizations secure cloud resources, container images and cloud assets to provide end-to-end security from code to cloud to workload. Expanded our Tenable.ep offering by integrating Tenable.ad and Tenable.cs into the platform, resulting in expanded coverage of the attack surface and deeper insights into cyber exposure for our customers. Published The Threat Landscape Retrospective report to analyze the attack paths and vulnerabilities threat actors favor, plus insights that will help organizations prepare to face the oncoming challenges in 2022. Financial Outlook Revenue in the range of $162.0 million to $164.0 million. Non-GAAP income from operations in the range of $6.0 million to $7.0 million. Non-GAAP net income in the range of $1.0 million to $2.0 million, assuming interest expense of $3.5 million and a provision for income taxes of $1.6 million. Non-GAAP diluted earnings per share in the range of $0.01 to $0.02. 119.5 million diluted weighted average shares outstanding. For the year ending December 31, 2022, we currently expect: Calculated current billings in the range of $764.0 million to $772.0 million. Revenue in the range of $673.0 million to $679.0 million. Non-GAAP income from operations in the range of $44.0 million to $48.0 million. Non-GAAP net income in the range of $19.5 million to $23.5 million, assuming interest expense of $15.7 million and a provision for income taxes of $8.0 million. Non-GAAP diluted earnings per share in the range of $0.16 to $0.20. 119.5 million diluted weighted average shares outstanding. As previously announced today in a separate press release, we entered into a definitive agreement to acquire Bit Discovery, Inc. (“Bit Discovery”), an external attack surface management company. The acquisition is expected to close in June and, therefore, is not expected to have a significant impact on our financial outlook for Q2 2022. For the second half of the year ending December 31, 2022, revenue is not expected to be significant but we expect Bit Discovery to add $2 million to $3 million of calculated current billings and $2 million to $3 million of non-GAAP net loss. The impact of the acquisition of Bit Discovery is not reflected in our outlook above. Conference Call Information Tenable will host a conference call today, April 26, 2022, at 4:30 p.m. Eastern Time to discuss its financial results. The conference call can be accessed at 877-407-9716 (U.S.) and 201-493-6779 (international). A live webcast of the event will be available on the Tenable Investor Relations website at https://investors.tenable.com . An archived replay of the live broadcast will be available on the Investor Relations page of the website following the call. About Tenable Tenable® is the Cyber Exposure company. Approximately 40,000 organizations around the globe rely on Tenable to understand and reduce cyber risk. As the creator of Nessus®, Tenable extended its expertise in vulnerabilities to deliver the world’s first platform to see and secure any digital asset on any computing platform. Tenable customers include approximately 60 percent of the Fortune 500, approximately 40 percent of the Global 2000, and large government agencies. Learn more at  tenable.com . Contact Information Forward-Looking Statements This press release includes forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical fact, including statements regarding our future results of operations and financial position, business strategy and plans and objectives for future operations, are forward-looking statements and represent our views as of the date of this press release. The words “anticipate,” believe,” “continue,” “estimate,” “expect,” “intend,” “may,” “will” and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of assumptions and risks and uncertainties, many of which involve factors or circumstances that are beyond our control that could affect our financial results. These risks and uncertainties are detailed in the sections titled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K for the year ended December 31, 2021 and other filings that we make from time to time with the SEC, which are available on the SEC's website at sec.gov. Such risks and uncertainties may be amplified by the COVID-19 pandemic and its potential impact on our business and the global economy. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in any forward-looking statements. Except as required by law, we are under no obligation to update these forward-looking statements subsequent to the date of this press release, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements. Non-GAAP Financial Measures and Other Key Metrics To supplement our consolidated financial statements, which are prepared and presented in accordance with GAAP, we use certain non-GAAP financial measures, as described below, to understand and evaluate our core operating performance. These non-GAAP financial measures, which may be different than similarly titled measures used by other companies, are presented to enhance the overall understanding of our financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. We believe that these non-GAAP financial measures provide useful information about our financial performance, enhance the overall understanding of our past performance and future prospects and allow for greater transparency with respect to important metrics used by management for financial and operational decision-making. We include these non-GAAP financial measures to present our financial performance using a management view and because we believe that these measures provide an additional comparison of our core financial performance over multiple periods with other companies in our industry. Reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the financial tables accompanying this press release. Calculated Current Billings: We define calculated current billings, a non-GAAP financial measure, as total revenue recognized in a period plus the change in current deferred revenue in the corresponding period. We believe that calculated current billings is a key metric to measure our periodic performance. Given that most of our customers pay in advance (including multi-year contracts), but we generally recognize the related revenue ratably over time, we use calculated current billings to measure and monitor our ability to provide our business with the working capital generated by upfront payments from our customers. We believe that calculated current billings, which excludes deferred revenue for periods beyond twelve months in a customer’s contractual term, more closely correlates with annual contract value and that the variability in total billings, depending on the timing of large multi-year contracts and the preference for annual billing versus multi-year upfront billing, may distort growth in one period over another. Free Cash Flow and Unlevered Free Cash Flow: We define free cash flow, a non-GAAP financial measure, as net cash provided by operating activities less purchases of property and equipment, which includes capitalized internal use software. We believe free cash flow is an important liquidity measure of the cash (if any) that is available, after purchases of property and equipment, for investment in our business and to make acquisitions. We believe that free cash flow is useful as a liquidity measure because it measures our ability to generate or use cash. We define unlevered free cash flow as free cash flow plus cash paid for interest and other financing costs. We believe unlevered free cash flow is useful as a liquidity measure as it measures the cash that is available to invest in our business and meet our current and future financing needs. Non-GAAP Income from Operations and Non-GAAP Operating Margin: We define these non-GAAP financial measures as their respective GAAP measures, excluding the effect of stock-based compensation, acquisition-related expenses, costs related to the intra-entity asset transfers resulting from the internal restructuring of legal entities and amortization of acquired intangible assets. Acquisition-related expenses include transaction expenses and costs related to the intercompany transfer of acquired intellectual property. Non-GAAP Net Income and Non-GAAP Earnings Per Share: We define non-GAAP net income as GAAP net loss, excluding the effect of stock-based compensation, acquisition-related expenses and amortization of acquired intangible assets, including the applicable tax impacts. In addition, we exclude the tax impact and related costs of intra-entity asset transfers resulting from the internal restructuring of legal entities as well as deferred income tax benefits recognized in connection with acquisitions. We use non-GAAP net income to calculate non-GAAP earnings per share. Non-GAAP Gross Profit and Non-GAAP Gross Margin: We define non-GAAP gross profit as GAAP gross profit, excluding the effect of stock-based compensation and amortization of acquired intangible assets. Non-GAAP gross margin is defined as non-GAAP gross profit as a percentage of revenue. Non-GAAP Sales and Marketing Expense, Non-GAAP Research and Development Expense and Non-GAAP General and Administrative Expense: We define these non-GAAP measures as their respective GAAP measures, excluding stock-based compensation, acquisition-related expenses and costs related to intra-entity asset transfers resulting from the internal restructuring of legal entities. TENABLE HOLDINGS, INC. ________________ (1)  The tax impact of stock-based compensation is based on the tax treatment for the applicable tax jurisdictions. (2)  The tax impact of acquisition-related expenses is not material. (3)  The costs related to the intra-entity asset transfer resulted from our internal restructuring of Cymptom. (4)  The tax impact of the amortization of acquired intangible assets is included in the tax impact of acquisitions. (5)  The tax impact of acquisitions is related to the deferred tax benefits of the Alsid acquisition. (6)  The tax impact of the intra-entity asset transfers are related to current tax payments based on the applicable Israeli tax rates resulting from our internal restructuring of Cymptom and Indegy in the three months ended March 31, 2022 and 2021, respectively. (7)  An adjustment to reconcile GAAP net loss per share, which excludes potentially dilutive shares, to non-GAAP earnings per share, which includes potentially dilutive shares. Non-GAAP Gross Profit and Non-GAAP Gross Margin Three Months Ended March 31, (dollars in thousands)

  • When was Indegy founded?

    Indegy was founded in 2014.

  • Where is Indegy's headquarters?

    Indegy's headquarters is located at 1460 Broadway, New York.

  • What is Indegy's latest funding round?

    Indegy's latest funding round is Acquired.

  • How much did Indegy raise?

    Indegy raised a total of $36M.

  • Who are the investors of Indegy?

    Investors of Indegy include Tenable, Plug and Play Accelerator, Magma Venture Partners, Shlomo Kramer, Vertex Ventures Israel and 7 more.

  • Who are Indegy's competitors?

    Competitors of Indegy include Claroty and 2 more.

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