Intellisense.io joins alliance against cyberattacks
The co-ordinated fight against cyberattacks on critical infrastructure has been joined by Intellisense.io, the Cambridge company that brings artificial intelligence to the mining industry.
It has joined the Operational Technology Cyber Security Alliance (OTCSA), which is focused on preventing industrial attacks.
Cyberattacks that disrupt processes, endanger utilities and safety systems are a growing problem as operational technology (OT), focused on managing assets, is brought together with IT networks, which manage internal business processes.
IntelliSense.io’s platform creates a new systems category sitting at the intersection of these systems, and incorporating data from both, to optimise the performance of machines and people.
Dr Sandro Barros, CTO of IntelliSense.io, said: “The convergence of OT and IT networks is exposing industrial control, protection and automation systems to external threats, as seen in the recent past with malwares like Triton, that attacked an oil and gas plant, and in Ukraine, that had its power grid taken down by a cyberattack. IntelliSense.io has extensive experience on the deployment of AI applications within OT/IT networks and is eager to add its expertise to developing best practices for secure and reliable solutions for the mining industry.”
Station Road-based Intellisense offers mining majors and diversified mining groups a real-time decision-making platform that combines the cloud computing, AI and industrial Internet of Things technology.
Elad Ben-Meir, executive board member of OTCSA – who is also CEO of SCADAfence – welcomed Intellisense to the alliance, which aims to bridge any dangerous gaps in security for OT and IT systems, critical infrastructures and industrial control systems.
“As we witness more and more attacks on critical infrastructure, and predictions by Gartner that 75 per cent of CEOs will be personally liable for cyber-physical security incidents by 2024, there is no doubt that the collaboration like we have in OTCSA is the key to success,” he said.
Intellisense, which already boasts clients in Latin America, Central Asia, South Africa and Australia, is plotting further global expansion and expansion of its portfolio of applications after securing investment from Germany-based BASF Venture Capital (BVC) group last month.
The funding round also featured follow-on participation from UK angel investors including Dr Steve Garnett and Stephen Kelly.
IntelliSense.io’s founder and CEO Sam Bose said: “This is an exciting new stage in the development of the business.”
The business is helping mining companies with the two main challenges they face when extracting metals from mined ores.
Today’s known ore deposits are increasingly difficult to mine due to declining ore grades and greater environmental challenges.
And the composition of the orebody is not known with any great accuracy, affecting operational conditions and control as well as plant performance and throughput.
Combining mining expertise with software engineering and data science, Intellisense offers a unified technology platform with a portfolio of performance-optimising applications that span the entire mining value chain, from the mine to the plant and the markets.
Built-in simulation tools on the platform can also be used to test alternative operating conditions, train staff and run non-intrusive ‘what-if’ scenarios.
Sam added: “Our fast-establishing leadership in industrial AI is driven by vertical industry-specific applications that require partnerships combining decades of industrial experience with emerging technologies. In the BASF group we are humbled to have found such a partner. We are delighted to have BVC’s support in building a category-leading industrial AI company and the capital raised will be deployed to increase our applications portfolio and support distribution capacity globally.”
Intellisense has been doubling in size for the past three years and is forecasting to grow at a minimum 25 per cent compound annual growth rate over the next five years.
The company, which also has a base at the Engineering Development Centre in Barcelona and field teams in Santiago in Chile, Almaty in Kazakhstan and Perth in Australia, was supported in the funding round by Harper James Solicitors.
Corporate lawyer Callum Gilliker, who led on the round, said: “The two entities have had a pre-existing relationship and, as such, commercially the investment was seen to be a good fit.”