securithings snares $14m series a to keep edge devices under control
SecuriThings Secures $14 Million in Series A Funding
Effectively managing IoT devices within a large enterprise can present significant challenges, particularly when a substantial number operate outside of direct IT control and necessitate integration with various third-party platforms.
SecuriThings aims to address this complexity with a comprehensive service platform designed to centralize control. The startup recently announced the successful completion of a $14 million Series A funding round.
Funding Details and Investors
Aleph spearheaded the investment round, with participation from existing investor Firstime VC and a cohort of undisclosed angel investors.
According to data from Crunchbase, the company’s total funding now reaches $17 million.
Addressing the IoT Management Challenge
Roy Dagan, CEO and co-founder of SecuriThings, highlights the difficulties organizations face when dealing with a diverse array of connected devices operating on their networks.
“We empower organizations to securely manage IoT devices at scale, offering a consolidated and cost-effective solution,” Dagan explained.
Scope of Device Management
This encompasses a wide range of devices, including security cameras, access control systems, and building management systems.
These systems can involve thousands, and in some cases, even tens of thousands, of individual devices.
“Our technology integrates with existing management systems, and we then deploy our capabilities focused on the edge devices.
This approach allows us to discover devices and implement functionalities either directly on the devices or by retrieving information from them,” Dagan clarified.
Strategic Partnerships and Industry Focus
SecuriThings has established partnerships with prominent device manufacturers, including Microsoft, Convergint Technologies, and Johnson Controls.
The company serves a diverse clientele across industries such as airports, casinos, and expansive corporate campuses.
Investor Perspective
Aaron Rosenson, general partner at Aleph, emphasizes the significant problem the company is solving regarding the management of numerous devices within large organizations.
“Prior to SecuriThings, substantial enterprise software categories – automation, orchestration, and observability – remained undeveloped for the IoT space,” Rosenson stated.
He believes SecuriThings is effectively unifying these elements for its customers.
Evolution of the Company
Founded in 2016, the company initially focused on IoT security.
While security remains a core component, their ability to communicate with devices now provides IT departments with enhanced visibility, insight, and the capacity to update and manage these devices.
Future Growth and Customer Base
Currently employing 30 individuals, SecuriThings plans to double its workforce by year-end, fueled by the new investment.
Although specific customer numbers weren’t disclosed, Dagan indicated that they currently serve dozens of customers with contracts ranging from five to seven figures in value.
Ron Miller
Ron Miller's Background in Technology Journalism
Ron Miller has a distinguished career as a journalist specializing in the technology sector. He most recently served as an enterprise reporter for TechCrunch, covering significant developments within the industry.
Early Career and Editorial Roles
Prior to his role at TechCrunch, Miller dedicated a substantial period as a Contributing Editor for EContent Magazine. His expertise was regularly featured in this publication.
Throughout his career, he has also contributed consistently to several other prominent technology publications.
- CITEworld was among the platforms where his insights were regularly published.
- He was a frequent contributor to DaniWeb, offering valuable perspectives on web development and technology.
- TechTarget also benefited from his reporting and analysis.
- Miller’s work appeared in Internet Evolution, focusing on the changing landscape of internet technologies.
- Furthermore, he contributed to FierceContentManagement, a resource for content management professionals.
Professional Disclosures
It is important to note Miller’s previous corporate blogging role at Intronis. During this time, he authored weekly posts addressing relevant IT concerns.
He has also provided content for various corporate blogs throughout his career, including:
- Ness
- Novell
- The IBM Mid-market Blogger Program
These engagements demonstrate his ability to communicate complex technical information to a broad audience, while maintaining objectivity and journalistic integrity.