SecuriThings Raises $21 Million
SecuriThings, an IoT operations startup focused on physical security device cyber health, raised $21 million in Series B funding. The Israel-based company now has raised a total of $39 million, bucking a "dramatic pullback" in VC funding.
In this report, based on a conversation with SecuriThings, IPVM examines the investors who have put money into the firm in the latest round, its market position, its marketspace/competitors, and what the company’s prospects look like in the near term.
Silicon ****** *******
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*.*. ******* ******** *** **** *** a ******* ******* *** ** ******* on *** *****,******* ********, *** ******* ** *** ******** software ******** *** ******* ********** ******** like ************. *** *******’* ******** **** backer ** *** ****** * *****,*****, ** ** ******* *****-***** ******* capital ****.******** ************ ************* **** ******-***** ** *****.
Headcount *******
***** **** ************* ******** *** *******, SecuriThings **** **** **** ******* *** workforce ***** *** **** ******* *****, with * *********** ***** ** ********** its *********** ****.*** ******* ********* *** ** *********,********* ** ********. **** ** ********* *** ****** A ******* ***** ** ******** ****, the ******* *** ***** ** *********,**** ********.
**-*********** *****, *** ** ***, ********* *****, *** ** ***, **** **** past ********** ******* ******, * ************* *** **** ********** firm.
Revenue / *********
*********-**** ************ ******** ** ******** ******* when ***** *** **** **** **** "dozens ** *********", ********* ******* *** companies, ** ****, *********, **********, ******, and ***** ********** *********.
*******
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*** *****-****** ********** **** ** * education ********** *** ** ** *** 10’s ** ********* ** ******* … airports ***** **** ******* ********* ** devices ** ***ballpark ***** ****** ***,*** ******* *** * **** … 10s of thousands of devices and more then it gets to really several hundreds of thousands of dollars and more. [emphasis added]
**** ****** ************ ** ****** ***** systems
Plans *** *******
************ **** **** *** *** ******* will ** **** ** ********** ******:
**** ****** ******* ** ******* **-**-****** plans ******* ********** ********, ********* ******* *** ******* ecosystem. *** ******* **** **** ********** R&D *** ******* *********** ** *** industry-leading ********, ******** *** ******** ** expand *** ************ ***** ****** ******* for ********** ***** ** *******.
Increasing ****** ***********
*********** **** **** *** **** ***** interest ** ***** ******* ******* ** the ********** ****** ***********:
*****'* **** *******, *** **** *********** to ****** ***** *******, *** ***** are ******. ************* **** * ******** on *** ** **** ** *** house ** ****** ********* ******** *******.
*** ********* ****** ************ ** **** it ** ******** * ****** **** has ***** **** ***** *** *** less-expensive ***********.
Camera / ****** ******* ************* ********
************ **** *** ********, *******, ** designed ** **** ****** *** ********* and ****** ** *** ******* **** IP ******* *** ****** ******* ******* and ******* ***** *************. ***** ** a *-****** ********* ***** *********** *** Horizon ********:
************ **** **** *** *********** **** "whatever *** ******* *** *******" **** them, *** **** **** **** ******** with ******** ***** ******, ****** **** is **** ******.
**** **** *** ******** ******** ***** camera ************* ********* *** *** ** track ********** ******** *** ********* *******, in *********** **** ******* *********. ******* emphasizing **** *** ***** ********* ******* for *********** ***************, ********* ******* **** analysis, *** ********* *** ***** ***** or ***** ********* ********.
**** *** *** ****** ************ ** verify *** ******** *** ************* ** its ******* ********.
Axis *** ****** ************
************ **** **** **** **** ** use **** ** *** ******* ** expand *********** *** ******* *** ********, similar ** *** ****** ************* *****************. **** ******** **** ***** ***** of ************ *** ******* **** ** build ****** ************ **** ****** ************* including ******** *********** **********, ******** *********, and ******* ******* *********.
Platform ************* ********
**** ************* ****** ****** ****** ******** about *** ********'* *************, ***** ** a ************ **** *** *******:
******* ********* ***** ** ********* *********** is ***** ** ********* ***** ******** alerts, ** ** **** ***** ** manual **** ** ****** *** ************ of *** ******
*** ****** ******* *** ****** ** report *** ******** *****, ********* *****-***** libraries **** ** *** ******. **** would ** * **** ********** *** reducing ***** ******** ****** ** **** as ****** ******** ** ******
*******, ** *********** ***** **** *** mentioned ** *** ************, ** **** the ****** *** **** ******* ******** system, *** *******,**************** ***********, ** ****** ************** ** detected **********
Versus ***********
***** ************ ******* ****** ************ **** some ***********,*************,******, ************** ***** ***** ******/****** ****** ********** at * ***** *****. ** ********, many ***** **** ***** *** ****** monitoring, ****** ********* **** ***** ******** than ************ ******.
************ **** *** ******* ***************, *** compatibility **** ***-******** ******** *******, ********* firmware *******, *******-**** *****, ************* **********, and ******* **********.
*******
************ ***** * ******* ********* ** competitors ** ***** *********** ****** ********, as ** *********/****** ** **** ******** security *** **/******* ********** *******. *******, the ****** ** ******* **** ****-** devices *** *****-** *****-***** ****** ********** is * ****.
*******, ***** **** ** ******** ** raise ******* ******* ********** ******* ** ****** ** ********** **** **** ** *** ***** term.