VDoo, an Israel-based developer of security software for internet-of-things (IoT) products, received $13m in funding yesterday from investors including Dell Technology Capital, computing equipment maker Dell’s corporate venturing unit.
Venture capital firm 83North led the round, VDoo’s first, which also featured contributions from angel investors David Strohm, Joe Tucci and Victor Tsao.
VDoo has built an end-to-end automated software platform that analyses IoT devices to help developers find the right security fetaures for their products, and allows them to insert suitable features so they can be certified as protected.
Yair Snir, general manager of Dell Technologies Capital, said: “We believe that IoT security is critical for IoT growth and adoption across multiple industries. The ability to certify connected devices is a huge challenge and a key for IoT security.”
The company is developing its system with design partners and plans to release it to beta customers in June this year.