Shield-IoT, a leader in mass-scale IoT and IIoT network cyber security and operational monitoring, announced the closing of a $7.4 million Series A round of funding.
Founded in 2017, Shield-IoT addresses the escalating proliferation of IoT cyber threats to devices, data, critical services, and infrastructure. With Shield-IoT, service providers and IoT brands can monitor and secure their mass-scale B2B IoT and IIoT networks, reduce operational costs, and generate new revenue streams with value-added services.
Currently, in use across multiple verticals including telcos, utilities, transportation, manufacturing, smart cities, and government, Shield-IoT offers a simple-to-deploy and easy-to-operate cloud-based software solution to protect any IoT device or application with no changes to end-customer networks.
Based on over 15 years of academic research and 50 academic papers, Shield-IoT coreset-AI patented technology revolutionizes IoT mass-volume data analysis through a unique transformation of “big data” into small datasets. “Coresets compress the data from n to log(n), or from 1 million to 20 data points, enabling context-free highly accurate anomaly detection in minutes instead of hours or days,” says Professor Dan Feldman, Chief Scientist at Shield-IoT.
Ramanath Mallikarjuna, Chief Strategist at Akamai Technologies
Shield-IoT’s innovative approach to anomaly detection enables Akamai to provide accurate analytics at mass-scale. Akamai is collaborating with Shield-IoT on innovative solutions to enhance cybersecurity and operational monitoring for customers of Akamai’s IoT solutions.
Udi Solomon, CEO, and Co-Founder of Shield-IoT
Shield-IoT removes the big data barriers and opens the door to a $50 billion IoT connectivity services market (2025). Our innovative technology is helping global IoT players to move forward and accelerate IoT growth.
