Israeli IoT security co Vdoo raises $25m
The Tel Aviv-based company s automated product security platform for device manufacturers and deployers performs a complete security assessment in minutes.
Israeli automated security platform for IoT and embedded software developer Vdoo today announced that it has extended its Series B financing round by raising an additional $25 million led by Qumra Capital, Verizon Ventures, and others. This brings to $57 million the amount raised in the Series B round and to $70 million the amount raised since the company was founded. The Tel Aviv-based company was founded by CEO Netanel Davidi, president Uri Alter and CTO Asaf Karas.
Verizon Ventures led the Series B extension. The number of connected IoT devices is rapidly growing, creating greater opportunities for security breaches, said Boaz Dinte, Managing Partner of Qumra Capital that led the round. Vdoo s unique device-centric, deep technology automated approach has already brought immediate value to vendors in a very short period of time. We believe the market opportunity is huge, and with newly infused growth capital, Vdoo is well-positioned to become the leading global player for securing connected devices.
Almost doubled the round
Vdoo delivers the industry’s leading automated product security platform for device manufacturers. The company s platform performs a complete security assessment in minutes, providing a comprehensive report identifying zero-day vulnerabilities, CVEs, configuration and hardening issues, standard incompliances, and other security exposures with suggested prioritization and remediation mechanisms.
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