Security News > 2021 > January > IoT Security Firm Vdoo Expands Series B Funding to $57 Million
Israeli IoT security start-up Vdoo announced on Wednesday that it has extended its Series B funding round to $57 million, bringing the total amount raised by the company to $70 million.
The company's solutions are designed to help manufacturers of IoT devices identify and mitigate security risks.
Its technology leverages machine learning to automatically create a security profile for a device, conduct penetration testing, and perform a security gap analysis.
Vdoo explains that its 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."
"These companies are responsible for the security of the millions of devices such as routers, connected home appliances, and smart meters that they deploy to their end-user and customer environment. With Vdoo's new offering, they can now quickly and easily vet the security and standard compliance of these devices and continue to monitor and protect the devices over the lifecycle of the product. As a result, our newest customers include top U.S. and global telcos and additional utilities players globally."
Learn More About IoT Security at SecuritWeek's IoT Lockdown Virtual Event on February 3rd. For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space.