Fundraising Fox

Network Perception

Acquired

Chicago, US · Founded 2020 · Delaware corporation · 10 known investors

Network Perception offers NP-View, software that generates and maintains network maps to help organizations assess risk, verify network segmentation, and evaluate the security posture of their environments. It targets operators of critical infrastructure across regulated industries.

Also known as NP-View

Founders & leadership

Network Perception was founded in 2020 by Robin Berthier.

RB
Robin BerthierChief Executive Officer, President, & Director
TGTed Greene
Ted GreeneinChief Operating Officer
WS
William SandersNamed on SEC filing

Board

JBJeff Bocan
Jeff BocanBoard directorManaging Director at Okapi Venture Capital
SWSteve Westly
Steve Westlyin𝕏Board directorFounder & Managing Partner at The Westly Group
RSRobert Schultz
Robert Schultzin𝕏Board directorManaging Partner at Serra Ventures

Investors · 10

Also in the syndicate · 1

SaaS Venture Capital

Reported raises · per SEC filings

Form D private placements

$15.7M disclosed across 3 rounds · 2020–2022

$18KraisedApr 2022 · 3 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Ted GreeneExecutive Officer
  • Jeff BocanDirector
  • Steve WestlyDirector
  • Robin BerthierExecutive Officer, Director
  • William SandersDirector
  • Robert SchultzDirector
Offering amount
$18K
Amount sold
$18K
Placement agents
Network Perception, Inc.
First sale
Jan 2021
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$13MraisedApr 2022 · 8 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Ted GreeneExecutive Officer
  • Robert SchultzDirector
  • Robin BerthierExecutive Officer, Director
  • William SandersDirector
  • Jeff BocanDirector
  • Steve WestlyDirector
Offering amount
$13M
Amount sold
$13M
Placement agents
Network Perception, Inc.
First sale
Apr 2022
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$2.7MraisedDec 2020 · 4 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Robin BerthierExecutive Officer
Offering amount
$2.8M
Amount sold
$2.7M
Minimum investment
$50K
Placement agents
Network Perception, Inc.
First sale
Sep 2020
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Network Perception develops NP-View, a network visualization and analysis platform for operational technology (OT) environments. The software ingests existing backups of network device configuration files — firewalls, routers and layer 3 switches — and automatically generates network topology maps, replacing manual diagrams that become outdated. From that model it performs path analysis, flags overly permissive configurations, highlights access and segmentation risks, and produces evidence and reports used for compliance verification, including NERC CIP and TSA audits. The company groups its capabilities into three areas: network visibility (automated topology mapping, enriched with imported asset and vulnerability data), network auditing (device configuration and firewall ruleset review with unified tables, color highlighting and annotation for justification), and network segmentation (interface- and zone-level matrices showing zone-to-zone communication permissions and unintended access paths).

NP-View is designed as a read-only, agentless application: it requires no sensors, shims or network taps on the OT network, runs on premises in offline mode, and does not require internet connectivity. It is available as NP-View Desktop, a Windows 10/11 application, or in a multi-user NP-View Server mode, and supports devices from more than 25 manufacturers. The company also frames a maturity path for customers spanning policy review, audit assistance, architecture review, network risk assessment, continuous configuration monitoring with ticketing-system integration and change sandboxing, and incident response preparation. Alongside the software, Network Perception offers Reporting as a Service in Bronze, Silver and Gold packages that deliver topology maps, firewall interface, access rule and object group reports, and segmentation matrices with expert executive summaries, on monthly, quarterly, semi-annual or annual schedules and via remote-managed, fully outsourced, or hybrid delivery models.

The company's technology originated in university research. It came out of the Trustworthy Cyber Infrastructure for the Power Grid project, funded 2009–2015 by the U.S. Department of Energy with Department of Homeland Security support, and was commercialized with the involvement of faculty co-founders David Nicol (ECE professor) and William Sanders.

Founding story

Network Perception's technology emerged from the Trustworthy Cyber Infrastructure for the Power Grid project, funded from 2009 to 2015 by the U.S. Department of Energy with support from the Department of Homeland Security. Additional grants helped faculty co-founders David Nicol, an electrical and computer engineering professor, and William Sanders, a former University of Illinois professor who later became Dean of Engineering at Carnegie Mellon, move the technology from academia to a commercial product. Robin Berthier is identified as CEO and co-founder.

Business model

Network Perception licenses NP-View software, distributed with license keys for desktop and multi-user server deployments and sized per deployment, and sells a complementary Reporting as a Service offering in tiered packages (Bronze, Silver, Gold) delivered on recurring monthly, quarterly, semi-annual or annual schedules. Sales and renewal inquiries are handled directly by the company.

Revenue comes from licensed on-premises software (NP-View Desktop and NP-View Server, activated by license keys and sized by deployment) plus recurring service packages under Reporting as a Service, with reports delivered monthly, quarterly, semi-annually or annually.

Traction

The company states that NP-View is used by more than half of the largest 30 U.S. utilities and cites customer testimonials from PSEG, EDF Renewables, Ampere Industrial Security and Crown Computers, including a large power generation company whose TSA compliance program was cited as "best in class" by auditors. Total venture capital raised reached $15.73 million with the 2022 Series A.

Latest developments

Network Perception was acquired by Dragos; the company's website announces the acquisition and its contact page states that the team is responding only to product-related requests, routing other inquiries to Dragos. Company content describes the acquisition as strengthening industrial cyber defense with network segmentation and access analysis. The company also introduced Reporting as a Service, a managed offering for generating topology, firewall rule auditing and segmentation reports.

Full profile — market position, technology, go-to-market, geography, history

Market position

The company positions NP-View as a native OT network software platform and states that it is used by more than half of the 30 largest U.S. utilities. Named customer references include PSEG, EDF Renewables, Ampere Industrial Security and Crown Computers.

NP-View's positioning rests on a lightweight, non-intrusive deployment: no agents, sensors, shims or network taps are installed on the OT network, the application is read-only and runs on premises offline without internet connectivity, and analysis is performed against existing configuration file backups rather than live traffic. The interface is intended for both technical and non-technical users, and the product focuses specifically on firewall, router and layer 3 switch technologies common in OT environments.

Technology

NP-View builds a model of a customer's network from existing configuration file backups of firewalls, routers and layer 3 switches, supporting over 25 major manufacturers. It performs detailed path analysis, risk and alert generation on overly permissive configurations, segmentation matrices, and firewall rule and object group analysis, and can import external asset and vulnerability data for added context. It is agentless and read-only, requiring no sensors, shims or taps, and runs on premises offline; connections to NTP, DNS and the vendor's update server are optional. NP-View Desktop runs on Windows 10 or 11 with a recommended 10th Gen quad-core processor and 16 GB RAM, handles configuration files up to roughly 500,000 lines, enforces a default 300 MB per-file upload limit, and requires .NET Framework 4. Continuous configuration monitoring, ticketing-system integration, change sandboxing and a historical "time machine" view of network evolution are also offered.

Go-to-market

The company sells directly through demo requests, deployment sizing and sales/renewal contacts, supported by a customer portal for software downloads and license keys, a knowledge base, blogs, white papers, case studies and product walkthroughs. It maintains partnerships and, following its Series A, stated plans to expand commercial activities into new vertical and international markets and establish strategic partnerships to accelerate go-to-market growth.

Operators of OT and critical infrastructure networks, including utilities, oil and gas, transportation, manufacturing, healthcare and financial services. Buyers are security, compliance and network infrastructure teams at both small and enterprise-sized organizations, including those subject to NERC CIP and TSA cybersecurity requirements.

Geography

Headquartered in Chicago, Illinois, with offices at 20 N Wacker Drive, Suite 1000. The company has historical roots in Champaign-Urbana, Illinois, where it was based at the EnterpriseWorks incubator from 2014 to 2019. Its customer base is described as including the largest U.S. utilities, and after its Series A it stated intentions to expand into international markets.

History

The company began receiving startup support services from the University of Illinois Research Park's EnterpriseWorks incubator in 2012 and was located at the incubator from 2014 to 2019, graduating in 2019 and subsequently relocating to Chicago. Along the way it received I-Start funding, SBIR funding and entrepreneur-in-residence support. In May 2022 it announced a $13 million Series A led by The Westly Group, bringing total venture capital raised to $15.73 million. It was later acquired by Dragos, after which its website directed non-product inquiries to Dragos.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Share of 30 largest US utilities using NP-ViewJan 2024More than half of the largest 30 US utilities
Supported network device manufacturersJan 202425 manufacturers (over)
Total venture capital raisedMay 2022$15.7M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 10

by search overlap
ArrowPoint98 shared keywordsCisco provides networking, data center, and security technology for enterprises, including infrastructure to run traditional and AI workloads and tools to keep organizations running against cyberattacks and outages. Its platform connects networking devices and monitors security events across corporate networks.
Check Point Software68 shared keywordsCheck Point Software Technologies is a cybersecurity company providing security products and solutions. This page is its investor relations section, containing annual reports, SEC filings, financial results, and corporate governance information.
Palo Alto Networks68 shared keywordsPalo Alto Networks provides cybersecurity platforms and services to protect organizations' digital infrastructure across cloud, network, and security operations. The company serves enterprise organizations, governments, financial institutions, utilities, and healthcare providers globally.
Splunk54 shared keywordsSplunk offers a unified platform for security and observability that ingests and analyzes large-scale data across hybrid cloud environments. Its tools support security operations centers with analytics and automated response, and help teams monitor application and infrastructure performance.
Sentinel One52 shared keywordsSentinelOne provides an AI-powered cybersecurity platform for enterprises that integrates endpoint protection, threat detection, and incident response capabilities. The company serves large enterprises, including many Fortune 500 organizations, to protect against cyber threats at scale.
Instart46 shared keywordsInstart was a Palo Alto-based web content delivery and application performance company whose assets Akamai acquired in 2020.
Netezza42 shared keywordsIBM is a global technology company whose business spans enterprise software (including Red Hat, HashiCorp, and Confluent), IT infrastructure such as mainframes, servers, and storage, and IT consulting services. The company is also investing heavily in quantum computing and AI-based enterprise offerings, including its Lightwell open-source software security clearinghouse and the Anderon quantum wafer foundry.
Zscaler39 shared keywordsZscaler operates a cloud-based cybersecurity platform built on Zero Trust architecture to protect users, workloads, branches, and devices across an inline security cloud. It offers data security, AI security, and security operations products for enterprises adopting cloud and AI applications.
Tufin39 shared keywordsTOS Discovery automatically discovers and maps network routers and switches into a topology management system, eliminating manual updates. It serves network security teams managing infrastructure on the Tufin Orchestration Suite.
Crowdstrike38 shared keywordsCrowdStrike provides an AI-native cybersecurity platform that unifies endpoint, identity, cloud, SaaS, and AI protection to detect and stop breaches for enterprise organizations. It combines automated response with human-led security operations including managed detection and response, threat hunting, and security services.

Companies competing with Network Perception for the same Google search keywords, organic and paid, via search-intersection analysis.

Non-dilutive funding · 2 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
National Science FoundationPhase II2015$727.1K
National Science FoundationPhase I2014$150K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

Timeline · 5

launches, deals, and filings
Jan 2024
Dragos acquires Network Perception

Network Perception's website announces the acquisition by Dragos; the contact page states the team is responding only to product-related requests and directs other inquiries to Dragos.

source ↗

Jan 2024
NP-View Reporting as a Service introduced

A managed service offering tiered Bronze, Silver and Gold report packages covering network topology mapping, firewall rule auditing and network segmentation, with expert insight summaries.

source ↗

May 2022
Network Perception raises $13M Series A led by The Westly Group

The round brought total funding to $15.73 million and was earmarked for expanding commercial activities, entering new vertical and international markets, and establishing strategic partnerships.

$13M source ↗

May 2022
NP-View Essential edition announced

The company said it would debut NP-View Essential, providing instant visualization and network verification for compliance and security teams at small and enterprise-sized organizations.

source ↗

Jan 2019
Graduated from EnterpriseWorks incubator at University of Illinois Research Park

The company received startup support from EnterpriseWorks beginning in 2012, was located at the incubator from 2014 to 2019, graduated in 2019 and moved to Chicago.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
Network PerceptionDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Network Perception do?
Network Perception makes NP-View, an offline OT network visualization and auditing platform; it was acquired by Dragos.
Who founded Network Perception?
Network Perception was founded by Robin Berthier in 2020.
Who are Network Perception's investors?
Network Perception's investors include Early Light Ventures, Earth Foundry, Energy Foundry, Energy Impact Partners, Illinois Ventures, Okapi Venture Capital, Serra Ventures, Service Provider Capital and 1 more.
How much funding has Network Perception raised?
Network Perception has disclosed $15.7M raised across 3 rounds.
Where is Network Perception headquartered?
Network Perception is headquartered in Chicago, US.