Security News > 2021 > July > IoT/OT Device Security Firm NanoLock Raises $11 Million
NanoLock Security, an Israel-based company that specializes in IoT and operational technology device protection and management, this week announced raising $11 million in a Series B funding round.
The funding, which brings the total raised by the firm to $21 million, came from OurCrowd, HIVE2040, Atlantica Group, and AWZ Ventures.
NanoLock Security has also announced expanding its executive team and the acquisition of two new patents.
NanoLock's technology is embedded into devices during manufacturing or assembly, and it's designed to provide protection against a wide range of threats, including insiders, external threat actors, and supply chain attacks.
The technology can be used for various types of products, including industrial systems, smart meters, and smart lighting devices.
NanoLock says it's already working with utilities and industrial companies in the U.S., Europe and Asia.