IoT device security startup Axonius closes $4M Seed capital

Axonius, a software startup that provides a platform to see and control mobile, compute and IoT devices, instances and machines raised a $4M Seed round. YL Ventures led the round with participation from Emerge Capital and Vertex Ventures.

Axonius Platform

The primary use case of the solution developed by Axonius is an organization having multiple devices, systems, and machines connected to their network on premise, remote, or in the cloud. As a result, security and IT team have a hard time gaining visibility and control over types and number of devices that can connect to the network. It also allows hackers to exploit the less-secure end-points. This is where Axonius comes and helps track all network devices.

The solution integrates with existing visibility solutions on the network via an adaptor API framework. Though companies traditionally use NOP (Network Operation Centers) to gain network visibility, Axonius promises to augment the capability of NOP with more granular data.

For instance, IT and security managers will be able to answer questions such as “How many devices do they have?” “Are they up to date and secure?

The Axonius consists of an extensible platform connected to 3rd party services/solutions via an adapter API and plug-in framework.

As organizations compete to add more connectivity to their existing and new solutions, there’s an influx of devices and the need to secure them from hacking and phishing attacks. Another IoT device security startup Cloudpost Networks also raised $4M see round in June this year.

The Postscapes IoT Security can be used to take a closer look at the technologies, companies, and products helping to secure the emerging Internet of Things.

Read more here:: feeds.feedburner.com/iot

Posted on: September 13, 2017

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