tag: cybersecurity

IIoT Security Threat Rising
By Kevin Fogarty - 14 Mar, 2018 - Comments: 0

The rapid growth of the Industrial Internet of Things is raising questions about just how secure these systems are today, how to improve security, and who exactly should be responsible for that. These issues are interlaced with a shift in where a growing volume of data gets processed, the cost and speed of moving large amounts of data, and the increasing frequency and cost of attacks. "Di... » read more

The Week in Review: IoT
By Jeff Dorsch - 09 Mar, 2018 - Comments: 0

Finance Toronto-based Ecobee, which markets smart thermostats, raised $61 million in its Series C funding, bringing the total funding for the 11-year-old company to $146 million. Energy Impact Partners led the new round and was joined by Amazon’s Alexa Fund, Relay Ventures, and Thomvest. Ecobee counts Nest Labs, the Google subsidiary, as its chief rival. ThoughtWire, also headquartered in... » read more

The Week in Review: IoT
By Jeff Dorsch - 02 Mar, 2018 - Comments: 0

Finance CyberX raised $18 million in Series B funding, bringing its total funding to $30 million. Norwest Venture Partners led the new round and was joined by ff Venture Capital, Flint Capital, Glilot Capital Partners, and OurCrowd. CyberX makes its headquarters in Framingham, Mass., with operations in Israel. The startup offers security protection for Industrial Internet of Things application... » read more

Systems Bits: Feb. 27
By Ann Mutschler - 27 Feb, 2018 - Comments: 0

Prepare to prevent malicious AI use According to the University of Cambridge, 26 experts on the security implications of emerging technologies have jointly authored a ground-breaking report thereby sounding the alarm about the potential malicious use of artificial intelligence (AI) by rogue states, criminals, and terrorists. The report forecasts rapid growth in cyber-crime and the misuse of... » read more

The Week in Review: IoT
By Jeff Dorsch - 23 Feb, 2018 - Comments: 0

Finance Vectra raised $36 million in Series D funding led by Atlantic Bridge Capital. The Ireland Strategic Investment Fund and Nissho Electronics also participated in this funding round along with returning investors Khosla Ventures, Accel Partners, IA Ventures, AME Cloud Ventures, DAG Ventures, and Wipro Ventures, bringing Vectra’s total funding to date to $123 million. Vectra will use the... » read more

The Week in Review: IoT
By Jeff Dorsch - 16 Feb, 2018 - Comments: 0

Finance Cincinnati-based Losant, which offers an enterprise Internet of Things platform, reports raising $5.2 million in Series A funding led by CincyTech. The Rise of the Rest Seed Fund, TechNexus, and Vine Street Ventures also participated in the new round. Losant says customers for its scalable IoT platform include Bosch, Hewlett Packard Enterprise, and Verizon Communications. SAM of Tel... » read more

The Week in Review: IoT
By Jeff Dorsch - 09 Feb, 2018 - Comments: 0

Finance BroadLink has raised $54.4 million in Series D funding from Citic Private Equity Funds Management. Baidu and Libai Group participated in the new round. BroadLink will use the money to expand its artificial intelligence and Internet of Things units, while also acquiring or investing in companies involved in smart home devices. Aperio Systems of Haifa, Israel, has received $4.5 millio... » read more

The Week in Review: IoT
By Jeff Dorsch - 26 Jan, 2018 - Comments: 0

Finance Hysolate, an endpoint cybersecurity startup, came out of stealth mode this week to announce receiving $8 million in private funding from Team8 and Innovation Endeavors. The Israeli company, which has an office in New York City, was founded by Tal Zamir and Dan Dinnar. Hysolate touts its hybrid endpoint architecture, which enables multiple operating systems to run side-by-side on a work... » read more

The Week in Review: IoT
By Jeff Dorsch - 19 Jan, 2018 - Comments: 0

Finance VDOO Connected Trust received $13 million in seed funding led by 83North, with participation by Dell Technology Capital and individual investors David Strohm, Joe Tucci, and Victor Tsao. The startup offers Internet of Things device developers the capability to add cybersecurity features to those devices after they’re deployed. VDOO was founded last year in Israel by Netanel Davidi, U... » read more

The Week in Review: IoT
By Jeff Dorsch - 12 Jan, 2018 - Comments: 0

Anniversaries The Bluetooth Special Interest Group is celebrating its 20th anniversary this year, and it kicked off the commemoration at CES 2018. The group now has more than 33,000 corporate members. Products/Services Samsung Electronics used the CES 2018 event to report on its progress in Internet of Things products and services. The company’s SmartThings technology now connects 370 ce... » read more

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