Dell Technology Capital, Avigdor Willenz Back IoT Security Startup VDOO

Dell Technology Capital and Galileo Technologies founder Avigdor Willenz have backed Tel Aviv-based startup VDOO Connected Trust Ltd., the latter announced on Wednesday. The investments were made as part of a $32 million series B round led by venture capital firms WRVI Capital and GGV Capital. Additional participants included NTT DOCOMO, MS&AD Ventures, 83North, and VDOO has raised $45 million to date.

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Founded in 2017 by Asaf Karas, Netanel Davidi, and Uri Alter, VDOO uses a machine learning-based engine to automatically analyze security vulnerabilities in connected devices, enabling customers to take immediate action with step by step guidance. The company stated it intends to use the funding to increase its market reach and to expand the technical capabilities of its platform.

“Corporations, standardization bodies, regulators and cyber insurers all understand that it's time for a change and that security for the connected environment is essential,” Davidi said in a statement. “The funding will enable us to accelerate market education by working closely with these bodies to make a significant change in approach to embedded-devices security."