Internet of Things security startup Vdoo has raised $13 million in initial funding, which the company said it will use to develop its platform to help IoT manufacturers secure their connected products.
IoT security is emerging as a pivotal challenge for manufacturers that already need to deal with time to market, cost and functionality. While in the past many manufacturers would ignore security, increased attacks – including distributed denial of service attacks and critical infrastructure exploits – have thrust IoT security into the spotlight.
"The problem is that there are no actionable processes or standards to guide IoT makers in the implementation of the proper security for each specific device," said Netanel Davidi, founder and co-CEO of Vdoo, in a statement. "Vdoo helps IoT makers protect their customers by enabling them to set and implement the right security for each of their devices in a quick and balanced manner.’
The venture round, established by security experts Uri Alter, Netanel Davidi and Asaf Karas, was led by 83North with participation from Dell Technology Capital, as well as strategic individual investors including David Strohm, Joe Tucci and Victor Tsao.
Vdoo's security platform provides an automated, three-pronged approach to securing IoT devices: "analysis, action and trust," according to the company.