Semiconductor Engineering – The Week in Review: IoT
Finance Palo Alto, Calif.-based Armis raised $30 million in Series B funding, bringing total funding for the provider of enterprise Internet of Things security to $47 million. Red Dot Capital Partners of Israel led the round, joined by Bain Capital Ventures. Existing investors Sequoia Capital and Tenaya Capital also participated in the latest funding, which Armis will use to expand sales and marketing and to continue development of its device knowledge base and security platform.
OPAQ Networks, also based in Herndon, raised $22.5 million in Series B funding for its network security cloud offering, bringing its total funding to $43.5 million. Greenspring Associates, a new investor, led the round and was joined by existing investors Columbia Capital and Harmony Partners. OPAQ will use the new funds to accelerate growth and to support go-to-market initiatives. The security-as-a-service startup last month acquired FourV Systems, which supplies the GreySpark business intelligence offering for managing security operations. GreySpark will be integrated into the OPAQ Cloud platform.
San Mateo, Calif.-based Verkada, which offers enterprise IoT video security, received $15 million in Series A funding, bringing its total funding to $18.9 million. Next47, the Siemens venture fund, led the round, joined by First Round Capital (an existing investor) and Hans Robertson. Verkada will use the new money to scale up its manufacturing, expand its sales team, and continue development of enterprise applications including computer vision and machine learning.
Products/Services Qualcomm introduced the QCS603 and QCS605 system-on-a-chip devices for IoT applications, such as smart security cameras, smart displays, robotics, sports cameras, wearable cameras, and virtual reality. Both SoCs pair a multicore Arm processor with an artificial intelligence engine and an image signal processor.
Cloudflare Spectrum was unveiled by Cloudflare to protect and accelerate email services, gaming servers, IoT devices, and any Internet-connected product from distributed denial-of-service attacks. Spectrum, now available to enterprise customers, is said to work with any Internet protocol. Cloudflare is expanding its security portfolio beyond World Wide Web applications, application programming interfaces, and websites with the Spectrum launch.
Experts at the Table, part 1: Scaling logic beyond 5nm; the future of DRAM, 3D NAND and new types of memory; the high cost of too many possible solutions.
The country is banking on DRAM and NAND to reduce its trade deficit.