IoT Security Platform VDOO Gains $32 Million in Series B
VDOO Connected Trust Ltd., a company offering security automation for embedded devices, raised $32 million in Series B funding led by venture capital firms WRVI Capital and GGV Capital. NTT DOCOMO, MS&AD Ventures, Galileo Technologies founder Avigdor Willenz, 83North, Dell Technology Capital, and David Strohm—who led the company’s initial financing— also participated in the round. This brings the company’s total funding to $45 million.
VDOO set its sight on becoming the industry’s first end-to-end security solution for embedded devices of any type. The company plans to use the funds to increase market adoption of its IoT security platform while also expanding its technical capabilities.