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.

“Israel is recognized as one of the world’s foremost leaders in cybersecurity and is commonly referred to as the ‘start-up nation’ for high-tech innovation. There is a growing global need for Israel’s powerhouse security capabilities and expertise. The strategy for our Fund is to invest in companies that are at the forefront of generating real solutions to the most challenging existing security threats.”
Mr. Yaron Ashkenazi, Founder, and CEO of the Awz HLS Fund

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.




More Details

Highlights

+ 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.

Additional Coverage

- http://www.finsmes.com/2017/10/nanolock-security-raises-4-5m-in-funding.html

- http://www.globes.co.il/en/article-israeli-cybersecurity-co-nanolock-raises-45m-1001208936

- https://www.nanolocksecurity.com/


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