SecuriThings, a Tel Aviv, Israel-based Internet of Things (IoT) SaaS company that monitors IoT activities in real-time, announced that it raised $21 million in Series B funding, bringing the company's total amount raised to $39 million.
The round was led by the U.S. Venture Partners (USVP), with participation from Swisscom Ventures, and existing investors Aleph, Firstime VC and Cresson Management.
With the new financing, SecuriThings will invest heavily in driving go-to-market plans in North America and globally, including growing its partner ecosystem. The company will also accelerate its industry-leading platform's R&D and product development, creating new features to expand its capabilities while adding support for additional types of devices.
"Most enterprises have hundreds to many thousands of physical security devices to protect their people, property, and IP, as well as to comply with legal and regulatory requirements. The volume and complexity of managing all these devices is incredibly challenging," said Roy Dagan, CEO of SecuriThings. "What makes our IoTOps platform a game-changer is that it is enabling physical security teams across various industries and organization sizes, including multiple Fortune 100 companies, to bring IT standards to all of their devices. These teams are moving to the forefront of their organization as leaders educating on best practices for device management and operations."
SecuriThings is redefining the way organizations manage and secure physical security devices at scale, helping physical security teams ensure device performance while reducing costs.
Its IoTOps platform provides real-time visibility, protection, and predictive maintenance capabilities for IoT devices—empowering a wide variety of organizations to improve system availability, organizational compliance, and cyber protection.
Company: Securithings, Inc.
Raised: $21.0M
Round: Series B
Funding Month: October 2022
Lead Investors: Swisscom Ventures
Additional Investors: Aleph, Firstime VC, and Cresson Management
Company Website: https://securithings.com/
Software Category: IoT security platform
About the Company: Founded in 2016 by leading security and IoT experts Roy Dagan, CEO, and Raanan Lidji, CTO, SecuriThings is an IoT security platform that integrates with IoT manufacturers and platforms to protect against illegal access to devices. SecuriThings empowers operations and IT professionals to automate physical security devices' operational management while ensuring full compliance and security within their organization. The solution is trusted by Fortune 100 companies and deployed across enterprises such as major airports, universities, hospitals, tech companies, manufacturers, retailers, and more. SecuriThings partners with key systems integrators and device manufacturers to provide unmatched insights, coverage, and reliability. Its mission is to empower Operations & IT teams, to automate and manage IoT devices at scale in one consolidated view while also ensuring real-time security and operational efficiency within the organization.
Source: https://www.prnewswire.com/news-releases/securithings-closes-21-million-to-automate-the-management-of-enterprise-physical-security-devices-301648612.html