The Week in Review: IoT

Finance
Palo Alto, Calif.-basedArmisraised $30 million in Series B funding, bringing total funding for the provider of enterprise Internet of Things security to $47 million.Red Dot Capital Partnersof Israel led the round, joined byBain Capital Ventures. Existing investorsSequoia CapitalandTenaya Capitalalso participated in the latest funding, whichArmiswill use to expand sales and marketing and to continue development of its device knowledge base and security platform.

Expelof Herndon, Va., received $20 million in Series B funding led byScale Venture Partners.电池企业,Greycroft,Lightbank,NEA,Paladin Capital Group, andProfile Capital Managementjoined in investing in the managed security startup.Expelhas total private funding of $27.5 million. It will use the new money to accelerate product development and go-to-market activities.

OPAQNetworks, also based in Herndon, raised $22.5 million in Series B funding for its network security cloud offering, bringing its total funding to $43.5 million.Greenspring Associates, a new investor, led the round and was joined by existing investorsColumbia CapitalandHarmony Partners.OPAQwill use the new funds to accelerate growth and to support go-to-market initiatives. The security-as-a-service startup last month acquiredFourV Systems, which supplies the GreySpark business intelligence offering for managing security operations. GreySpark will be integrated into the OPAQ Cloud platform.

Vertex VenturesandInsight Venture Partnersco-led $15.5 million in new funding forOwnBackup, which provides data backup and recovery services from offices in Israel, the United States, and the United Kingdom. Other investors inOwnBackupareInnovation Endeavors,Oryzn Capital, andSalesforce Ventures.

San Mateo, Calif.-basedVerkada, which offers enterprise IoT video security, received $15 million in Series A funding, bringing its total funding to $18.9 million.Next47,Siemensventure fund, led the round, joined byFirst Round Capital(an existing investor) and Hans Robertson.Verkadawill use the new money to scale up its manufacturing, expand its sales team, and continue development of enterprise applications including computer vision and machine learning.

Waltham, Mass.-basedCarbon Blackthis week filed for a $100 million initial public offering. The endpoint security software supplier plans to trade on Nasdaq under the CBLK ticker. The company had a net loss of $56 million on revenue of $162 million last year, compared with a net loss of $44.55 million on revenue of $116.24 million in 2016.Carbon Blackhas raised more than $230 million in private funding.Accomplice(formerly part ofAtlas Venture) owns 17% of the company.Highland Capital Partnershas an equity stake of 14.9%, Sequoia Capital owns 9.9%,Kleiner Perkins Caufield & Byersholds 8.8%, and.406合资企业7.7%.

M&A
Palo Alto Networksagreed to acquireSecdo, which offers endpoint detection and response capabilities in cybersecurity. Financial terms of the deal weren’t revealed; the Calcalist website estimates the proposed transaction, which is expected to close inPalo Alto Networks’ fiscal third quarter, is valued at about $100 million. Israel-basedSecdohad raised some $10 million in venture funding fromRafael Developmentand other investors.

NikeboughtInvertex, a computer vision startup based in Tel Aviv, Israel. Financial terms weren’t revealed. The activewear company will use Invertex’s technology to increase its capabilities in artificial intelligence and computer vision.

Cybersecurity
The U.S. doesn’t have anational cybersecurity doctrine, more than a year after President Donald Trump took office. Tom Kellermann, chief cybersecurity officer of Carbon Black, is concerned that Russia will retaliate with cyberattacks in response to the Trump administration’s most recent sanctions.

Products/Services
Qualcommintroduced the QCS603 and QCS605 system-on-a-chip devices for IoT applications, such as smart security cameras, smart displays, robotics, sports cameras, wearable cameras, and virtual reality. Both SoCs pair a multicoreArmprocessor with an artificial intelligence engine and an image signal processor.

Mocanarolled out the Mocana TrustCenter services platform for managing security in IoT devices and industrial control systems. The new offering is meant for manufacturers and operators of IoT devices and industrial equipment; it complements the company’s TrustPoint IoT endpoint security software.

Comcasthas relaunched the Stringify application, which it acquired last year, for use in smart home management, supporting new hardware devices. The app is integrated with Comcast’s X1 cable television platform and the xFi home Wi-Fi offering.

August HomeandSimpliSafecollaborated to integrate August Smart Locks with SimpliSafe security systems. The products can be remotely operated with SimpliSafe’s smartphone application, if users subscribe to the company’s Interactive Professional Alarm Monitoring Plan, which is $25 a month.

ClearBladeandnanotron Technologiesare partnering to add ClearBlade’s IoT and edge computing platform tonanotron’s advanced tracking software. Nanotron will be able to offer location data analytics capabilities through the combination. Nanotron is a subsidiary ofSensera.

Telit Communicationsreports its LE866A1-NA LTE Category 1 and ME866A1-NA LTE-M modules are certified to operate onAT&T’s nationwide LTE network for data-only applications.

Siemens Healthineersis usingSAS Institute’s IoT and machine learning capabilities to analyze data from its medical equipment installed around the world, such as magnetic resonance imaging and computerized tomography systems. SAS says it is also helpingLockheed Martin,Octo Telematics, andWestern Digitalfor IoT analytics of data from their connected devices.

Cloudflare Spectrum was unveiled byCloudflareto protect and accelerate email services, gaming servers, IoT devices, and any Internet-connected product from distributed denial-of-service attacks. Spectrum, now available to enterprise customers, is said to work with any Internet protocol. Cloudflare is expanding its security portfolio beyond World Wide Web applications, application programming interfaces, and websites with the Spectrum launch.