Vdoo raises $32 million to secure IoT devices

April 24, 2019

By 2020,  Gartner  predicts that there will be more than 20 billion connected devices globally — a number that has some executives worried. In a  recent survey  conducted by Spiceworks, 90% of IT professionals expressed concern that the influx would create security and privacy issues in the workplace. And in a separate study commissioned by eSecurity Planet, 31% of internet of things (IoT) developers said they considered the software or firmware for connected devices the greatest “trouble spot” for cybersecurity.

The solution just might lie in products from Vdoo, a Tel Aviv, Israel-based IoT security startup that today announced the closure of a new funding round. The company tells VentureBeat that it raised $32 million in series B financing led by WRV and GGV Capital, with participation from NTT DoCoMo, bringing its total venture capital raised to $45 million.

Our latest updates