Mocana Lands $11M Funding for IoT Security
Mocana Corporation, IoT security provider and winner of the Most Innovative Security Strategy Leading Lights Award at Light Reading’s Big Communications Event 2017, announced $11 million in new venture funding from Sway Ventures, Shasta Ventures, Trident Capital Fund and GE Ventures. The new funding brings the investment total to $93.6 million.
Mocana’s approach to IoT security is based on its Mocana IoT Security Platform, which provides trusted device status and software update capabilities for IoT devices through a gateway. This allows these features to be applied to IoT end points that may be too limited in capability to allow for software updates or advanced security within the device itself. Read more…