SecuriThings nets $21 million Series B to automate protection of physical security devices
SecuriThings nets $21 million Series B to automate protection of physical security devices
The Israeli startup’s platform provides real-time visibility, protection, and predictive maintenance capabilities for IoT devices
SecuriThings announced on Thursday that it has raised a $21 million Series B funding round led by U.S. Venture Partners (USVP) with participation from Swisscom Ventures. Existing investors Aleph, Firstime VC, and Cresson Management also participated in the round, which brought the company’s total amount raised to $39 million.
SecuriThings’ IoTOps platform helps organizations manage and secure physical security devices at scale, aiding physical security teams to ensure device performance while reducing costs. Its platform provides real-time visibility, protection, and predictive maintenance capabilities for IoT devices. Using automation, analytics, and actionable alerts, IoTOps enables teams to shift their focus to more strategic tasks by cutting the load of manual labor and on-site visits, as well as driving cost efficiency within their processes.
With the new financing, SecuriThings plans to invest heavily in driving go-to-market plans in North America and globally, including growing its partner ecosystem.
“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.”
