Internet of things startup Xaptum raises $3.1 million
His startup, Xaptum, has built a secure cloud that would keep devices, such as sensors and smartphones, from being hacked or being used to break into the closed networks to which they’re connected via the internet. VCapital, a venture fund operated by Len Batterson, led the round. Other investors include Illinois Ventures, as well as Purple Arch Ventures, Loud Capital, Hyde Park Angels and former U.S. Robotics executives Casey Cowell and Michael Seedman.