NextNine

Company Overview

Snapshot

Founded in March 1998 by Adi Dulberg and Eldad Maniv, NextNine operated with 11–50 employees. The company raised $39.5 million across 4 funding rounds from 8 investors before being acquired by Honeywell in August 2017.

Business overview

NextNine specialized in providing OT security management solutions tailored for complex multi-vendor Industrial Control Systems (ICS) environments. Its core product, ICS Shield, enabled industrial organizations to integrate OT/IT operations while mitigating security vulnerabilities. The solution focused on protecting multi-site remote field assets from a centralized security and operations center, automating policy deployment and enforcement to enhance security governance and compliance. NextNine's solutions were deployed globally by systems integrators, managed security service providers, and automation vendors, serving sectors such as oil and gas, utilities, chemical, mining, and manufacturing.

Strategic signal

NextNine's acquisition by Honeywell in August 2017 highlights the increasing strategic importance of industrial cybersecurity. This move by a major industrial player like Honeywell signals a consolidation trend in the market, where large corporations are integrating specialized security capabilities to protect critical infrastructure and operational technology environments. For investors, it underscores the value placed on robust solutions that secure industrial assets against growing cyber threats.

Company Intelligence Q&A

What is NextNine's primary focus?

NextNine specializes in providing OT security management solutions for complex multi-vendor Industrial Control Systems (ICS) environments, aiming to minimize security vulnerabilities while enabling integrated OT/IT operations.

When was NextNine acquired?

NextNine was acquired by Honeywell in August 2017.

What was the total capital raised by NextNine?

NextNine raised a total of $39.5 million across 4 funding rounds.

Which investors participated in NextNine's September 2006 funding round?

In September 2006, NextNine received funding from investors including Ascend Technology Ventures.

What is ICS Shield?

ICS Shield is NextNine's field-proven solution designed to protect multi-site remote field assets from a single security and operations center, automating the deployment and enforcement of plant-wide policies to improve security governance and compliance.