Minim raises $2.5M seed round to secure connected devices and networks
May 07 2018
Minim, an IoT security solution for connected devices and home internet networks raised $2.5M in seed funding. Flybridge Capital Partners and Founder Collective led the round.
Minim plans to use the funding proceeds for product development of IoT security platform. Minim’s offering currently consists of a mobile app (iPhone and Android), Minim care portal for ISPs, and a lightweight router agent.
Minim’s solution works as a ‘fingerprint’ technology for connected devices and home WiFi networks. It tracks and learns about device behavior using machine learning. It then assigns these patterns as ‘identity’ of that device. Any deviations from device’s typical behavior are reported as security vulnerabilities.
Minim is founded by Jeremy Hitchcock, former co-founder and CEO of Dyn, a DNS provider company later acquired by Oracle.
The startup also lists ISPs (Internet Services Providers) as its target market as the company can provide ISPs with remote diagnostics capability via its IoT security platform.
One of the core features Minim is developing is called ‘IoT database’, a database of connected devices with attributes, vulnerabilities, and behaviors of devices.
+ The startup is hiring product specialists and full-stack engineers.
+ The core team has strength is the networking technologies as it has been working in startups later acquired by Oracle and Cisco.
+ Co-founder Jeremy Hitchcock shared that Minim's inspiration came when his previous startup Dyn got DDoS attacked by botnets.
We are featuring the latest #BostonTech acquisition and funding news ft @Bose, @BuySellAds, @AmericanWell, @SovosCompliance, @KaseyaCorp, @launchbyteio, @formlabs, @MinimSecure, @sentenai, @SoftRoboticsInc, @ToolsGroup https://t.co/M6ceqT85tJ— VentureFizz (@VentureFizz) May 4, 2018
Interested in trying -> @merckuwifi launches M2 Hive "The M2 Hive includes an M2 and four Bee nodes, a system that can cover up to 5,000 square feet and goes around walls, offering connection speeds that support 8K streaming throughout a house" by @deantak https://t.co/6qMp7g4xdF— Minim (@MinimSecure) May 2, 2018