IoT Cybersecurity startup Nanolock nabs $4.5M in venture funding
Oct 27 2017
Nanolock Security, a cyber security and malware protection startup that helps protect IoT end-points raised $4.5M in venture funding.
Awz Homeland Security Fund, a Canadian venture capital fund led the investment.
With offices in the U.S and Israel, Nanolock was founded in 2016 by Eran Fine, CEO and Shlomo Oren.
The IoT cybersecurity solution targets unauthorized access to Integrated Circuits in general, and memory /CPU components in specific. It is in the midst of several pilot projects with a focus on connected vehicles.
+ Nanolock protects devices that have typically limited resources, power and carry the latency concerns.
+ Nanolock won “GO IGNITE”, a global competition offered by an alliance between Orange, Telefonica, SingTel and Deutsche Telekom.
+ The startup is currently working on implementing PoCs for enterprise clients in different regions i.e. U.S.A, Japan, and Europe.
NanoLock develops hardware and software that prevent the malware code from being added onto operating systems.https://t.co/grHqw2ppb1— CTech (@Calcalistech) October 25, 2017
NanoLock Security attracts $4.5 mln https://t.co/J4ivqaido9— Product Chops (@productchops) October 24, 2017