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Tel Aviv-Based Cybersecurity Firm Shield Iot Raises £5.5M Funding In Series A: Here’S Why

Nov 22, 2021•over 3 years ago

Amount Raised

£5.5 Million

Round Type

series a

Description

Shield-IoT, an IoT cyber security, and analytics software solution provider announced that it has raised $7.4M (approx £5.5M) funding in the Series A round.

Company Information

Company

Shield Io T

About

The company will use the funding to streamline and secure mass-scale IoT networks. 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.Cloud-based software solutionThe company does it by offering 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.