Israel-Based IoT Cybersecurity Company ShieldIOT Raises $3.6 Million

Israel-based internet-of-things (IoT) cybersecurity startup ShieldIOT Ltd. has raised $3.6 million in seed, the company announced Monday. The round was led by Innogy Innovation Hub, the accelerator and venture capital arm of Berlin-listed energy company Innogy SE, with participation by Janvest Capital Partners, Danmar Capital, and Minvest Partners.

Founded in 2017 and based in Herzliya in central Israel, ShieldIOT develops AI-based coresets technologies to help service providers protect large-scale IoT networks.