Viakoo, a specialist in IoT device remediation, has secured $10 million (€8.59m) in Series A funding led by Shasta Ventures, joining existing investors Stanley Black & Decker, PivotNorth Capital, and BlueFog Capital.
This latest round will be used to expand executive leadership, and investment in product development and go-to-market. The company is also launching its Viakoo Action Platform suite of cyber modules, which remediate and repatriate IoT devices, meeting the growing demand for enterprise IoT device management and vulnerability remediation at scale.
“With support from our investors, Viakoo is entering its next chapter of growth to achieve its vision of helping customers defend their IoT attack surfaces across the enterprise,” said Bud Broomhead, CEO, Viakoo. “We’ve already gained significant traction with large-scale customers, including cities, healthcare, education, and large data centres. With our latest investment, we are now in an excellent position to extend our leadership in IoT device vulnerability remediation.”
“Today’s enterprises are experiencing cyber vulnerabilities caused by thousands of unmanaged and IoT devices that keep their employees and facilities secure, and perform critical functions to ensure the business or facility runs smoothly,” said Nitin Chopra, Managing Director, Shasta Ventures. “Viakoo enables organisations to secure, manage, and remediate both loosely and tightly coupled devices like medical equipment, point-of-sales systems, HVAC, video security and other IP-based systems at scale.”