Nigeria’s API-first SaaS startup Thrivyx has joined the LaunchUp programme by global venture builder FasterCapital, aiming to scale its secure, cloud-native SCADA platform across Africa, Europe, and Asia.
Founded in 2021, Thrivyx delivers integrated cybersecurity, productivity, and file-sharing solutions tailored for critical infrastructure and industrial systems, including energy, utilities, and smart cities.
Its unified platform enables real-time monitoring, remote access, AI-powered anomaly detection, and digital twin visualisation, even for legacy field equipment.
The partnership with FasterCapital, renowned for co-founding and co-funding tech startups, is expected to offer Thrivyx global capital, mentorship, and strategic networks as it targets the US$180 billion global cybersecurity and SaaS market, particularly underserved mid-sized companies in regulated sectors like fintech, healthtech, and logistics.
What’s SCADA?
SCADA (Supervisory Control and Data Acquisition) refers to a system of software and hardware that allows industrial organizations to control and monitor processes remotely and in real time.
These systems are vital to critical infrastructure, such as power grids, water treatment plants, and transportation networks, yet many existing SCADA platforms are outdated, vulnerable to cyber threats, and difficult to upgrade.
Thrivyx is building a modern, cloud-native version of SCADA, making it easier to connect with old equipment while introducing features like AI-driven fault detection, remote access, and digital twin simulations.
What Does FasterCapital Do?
FasterCapital is a global startup incubator and venture builder based in Dubai, known for its equity-free investment model, technical co-founding, and business scaling expertise.
Through its LaunchUp programme, it supports early-stage startups by helping them build scalable products, access mentorship, and connect with global investors.
For Thrivyx, this partnership provides a fast-track opportunity to refine its product-market fit, expand into new markets, and meet the rising demand for affordable cybersecurity solutions.
“We believe Thrivyx is uniquely positioned to secure critical operations in the digital age,” a FasterCapital representative said.
Why It Matters
The need for robust cybersecurity is accelerating across the globe, with Cybersecurity Ventures projecting cybercrime damages to hit $10.5 trillion annually by 2025.
While large corporations often have the resources to invest in layered security infrastructure, mid-sized businesses remain exposed due to high costs, fragmented tools, and lack of in-house expertise.
“This segment is the most vulnerable, and yet the most ignored,” said Abayomi Ajayi, a Lagos-based cybersecurity consultant.
“Thrivyx’s model simplifies complex systems, making digital safety achievable for industrial players operating on tighter budgets.”
Beyond security, Thrivyx is also responding to the global demand for real-time industrial intelligence. According to a 2024 IDC report, over 70% of industrial organizations are planning to digitize their operations by 2026, but only a third have begun the journey.
Experts agreed that Solutions like Thrivyx’s reduce the complexity of that transition. They’re not just providing tech; they’re bridging infrastructure gaps that hold back productivity and innovation.
Bridging the Tech Gap for Mid-Sized Enterprises
Mid-sized firms make up over 50% of industrial activity in developing markets, yet face barriers in adopting secure digital solutions. Thrivyx offers a plug-and-play architecture tailored for this demographic, combining affordability, ease of integration, and enterprise-grade features.
“This is where we see real impact, empowering the digital leap for the mid-market sector,” said a Thrivyx spokesperson.
The company plans to expand aggressively across high-need sectors in Africa, South Asia, and Eastern Europe, where demand for unified industrial platforms is rising amid tightening regulations and escalating cyber threats.
Accelerating Through Global Support
FasterCapital’s LaunchUp programme, which supports early-stage startups with technical development, business strategy, and fundraising, is expected to propel Thrivyx into new markets.
With threats to critical infrastructure becoming a $10.5 trillion concern by 2025, according to Cybersecurity Ventures, the partnership places Thrivyx in a strong position to respond to growing digital security demands.
“We are building not just for today’s threats, but for tomorrow’s resilience,” said a Thrivyx spokesperson. “Our goal is to become the go-to platform for secure industrial operations across continents.”
Talking Points
The partnership between Nigeria’s Thrivyx and FasterCapital’s LaunchUp programme marks a significant step in addressing the long-overlooked cybersecurity and digital infrastructure gaps among mid-sized industrial firms in emerging markets.
Unlike traditional SCADA systems and bulky enterprise solutions, Thrivyx offers a lean, cloud-native platform that combines real-time monitoring, AI-powered diagnostics, and integrated cybersecurity, tailored specifically for sectors like energy, utilities, and logistics.
This mirrors global efforts like Siemens’ MindSphere and Honeywell Forge, but with a unique bottom-up focus on affordability and scalability for mid-tier players.
By leveraging FasterCapital’s technical and strategic resources, Thrivyx is not only positioning itself as a pan-African solution but also as a serious player in the global industrial tech landscape.
This further demonstrates how African startups can lead in creating secure, modern platforms for critical infrastructure previously dominated by legacy Western firms.
