ShieldIOT, a leading Internet of Things (IoT) cybersecurity software company, announced that it had raised $3.6M in a Series Seed funding round.
The round was led by innogy Innovation Hub, the accelerator and venture capital arm of innogy SE, a leading German energy company. The round was joined by additional new and existing investors including Janvest Capital Partners, Danmar Capital, Minvest and private investors.
Founded in 2017 by cybersecurity and big data analytics industry experts, Udi Solomon and Ohad Levin, the Israeli-based company leverages innovative Coreset-AI technology to help service providers protect large-scale complex IoT networks.
ShieldIOT’s end-to-end AI-based software security platform enables service providers and utilities to secure and manage the security of any IoT device, application, or network, across different verticals while generating new revenue streams.
Dr. Christof Kortz, Director of Strategic Cyber Security Venturing, Innogy Innovation Hub
The IoT enabled energy system will face new multi-layered and complex security challenges. In ShieldIOT, we have found a company with exciting technology that is designed to secure any IoT device in any topology at scale.
Udi Solomon, CEO, and Co-founder, ShieldIOT
The Internet of Things is a new chaotic sphere, characterized by countless different devices and applications, across various IoT networks and protocols.
