What is ShieldIOT?
Shield-IoT specializes in providing an agent-less, AI-powered SaaS/cloud platform designed for comprehensive cybersecurity across the connected edge. Their solution offers asset visibility, threat management, and compliance for diverse IoT, OT, and IT environments, catering to both enterprises and SMBs. By enabling the secure management of billions of connected devices without operational disruption, Shield-IoT empowers connectivity service providers to offer value-added security services, thereby creating new revenue streams and ensuring adherence to data privacy regulations. The company's technology is crucial for protecting critical infrastructure in sectors such as payments, transportation, energy, and healthcare.
How much funding has ShieldIOT raised?
ShieldIOT has raised a total of $11M across 2 funding rounds:
Angel/Seed
$3.6M
Series A
$7.4M
Angel/Seed (2019): $3.6M with participation from Danmar Capital, JANVEST Capital Partners, Future Energy Ventures, and Minvest Partners
Series A (2021): $7.4M led by Atlas Ventures, Bloc Ventures, Springtide, Akamai Technologies, DIVEdigital, JANVEST Capital Partners, and NextLeap Ventures
Key Investors in ShieldIOT
Atlas Ventures
Atlas Ventures is an early-stage venture fund based in Singapore, likely focusing on technology and growth-stage companies.
Bloc Ventures
Bloc Ventures is a specialist deep tech investor focused on supporting ambitious entrepreneurs developing innovative products in cloud, connectivity, data science, and security. The company aims to back teams and technologies that have the potential to transform entire industries.
Akamai Technologies
Akamai Technologies, Inc. provides cloud computing, security, and content delivery services, offering solutions to protect infrastructure, websites, and applications from cyberattacks while enhancing performance.
What's next for ShieldIOT?
The recent major strategic investment in ShieldIOT signals a pivotal phase for the company, likely focused on scaling its operations, expanding its market reach, and further developing its innovative cybersecurity platform. With a strong foundation in securing connected devices and critical infrastructure, ShieldIOT is well-positioned to capitalize on the growing demand for robust IoT security solutions. Future developments may include enhanced AI capabilities for threat detection, broader industry-specific compliance features, and strategic partnerships to penetrate new markets. The company's ability to offer value-added services to connectivity providers suggests a B2B2C strategy that could drive significant future growth.
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