Nanolock Security Closes $4.5 Million

Security startup Nanolock Security completed $4.5 million in financing from Awz HLS Investment Fund.

The NanoLock Security platform’s goal is to protect firmware and sensitive information stored on connected and IoT devices, and to prevent attack attempts ranging from ransomware to malicious manipulation of stored data. According to the company, its platform requires no encryption, no CPU, and no latency, with only minimum power consumption. It also offers safety solutions for autonomous and connected cars and for the market sector of industrial controllers.

Nanolock Security is in the midst of several pilot projects with leading companies in Japan, the U.S., and Europe.