As part of its ongoing commitment to driving innovation in the advancement of the energy transition and connectivity, Elewit is seeking startups through its Venture Client programme that can help develop new technologies to address Redeia’s. Now in its fifth edition, this initiative explores new business opportunities in the sector and helps startups bring their proposals to life. For this latest edition of the Venture Client programme, Elewit has selected DeNexus as one of its key partners.

An all-in-one cyber risk management solution

DeNexus provides a comprehensive solution for managing cyber risks in industrial settings. What sets it apart is its ability to enable Chief Information Security Officers (CISOs) to adopt a risk-based approach to cybersecurity, focusing on the risks that pose the greatest impact on the business. This methodology not only prioritises mitigation strategies effectively but also optimises risk transfer processes.

Thanks to the use of advanced AI, DeNexus translates cyber risks into financial terms, while identifying the most effective mitigation strategies. This approach allows CISOs to present their cybersecurity programmes in business terms, facilitating investment approvals from boards of directors. As a result, DeNexus has become a leader in cyber risk management, serving clients from the Global 1000 across three continents.

A solution born for a real-world need

DeNexus’s story is deeply rooted in the personal experience of its founder and CEO, José Seara. As an entrepreneur who built crucial companies in Europe and North America, Seara witnessed first-hand the financial impact cyber risks can have on businesses. The lack of suitable solutions to measure and manage these risks drove him to create DeNexus.

Amid the growing number of cyberattacks causing millions in losses each year, Seara assembled a team of experts in cybersecurity, insurance, AI, and software engineering. The result was the first all-in-one cyber risk quantification and management solution designed specifically for the industrial sector.

This collaboration between DeNexus and Elewit pose a significant opportunity for both companies. José Seara has emphasised the importance of this partnership not only for developing innovative projects but also for educating the market about the relevance of proactive cyber risk management. ‘We want to elevate cybersecurity to the boardroom level by providing financial metrics that translate the technical KPIs tracked by cybersecurity teams into business language,’ explained Seara.