Shield-IoT raises $7.4 million Series A to secure IoT networks
Founded in 2017, the Israeli startup addresses the escalating proliferation of IoT cyber threats to devices, data, critical services and infrastructure
CTech | 18:07 22.11.2021
Israeli startup Shield-IoT, which develops solutions for mass-scale IoT and IIoT network cybersecurity and operational monitoring, announced on Monday the closing of a $7.4 million Series A round of funding. The Series A round was led by NextLeap Ventures and Bloc Ventures, with participation of Atlas Ventures, Akamai Technologies, Springtide Ventures, DIVEdigital and Janvest Capital Partners. Founded in 2017, Shield-IoT addresses the escalating proliferation of IoT cyber threats to devices, data, critical services and infrastructure. Shield-IoT aims to give service providers and IoT brands a tool to monitor and secure their mass-scale B2B IoT and IIoT networks, reduce operational costs, and generate new revenue streams with value-added services.