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Vdoo raises $25M more to develop its AI-based security for IoT and connected devices It’s estimated that there were some 50 billion connected devices globally in 2020, and while that really says a lot about how far we’ve come in tech, for many it also speaks to a big issue: security vulnerabilities, with the devices themselves, plus all the components and services running on them, all potential targets for anything from malicious hackers to not-so-intentional data leaks. Today, Israeli startup Vdoo — which has been developing AI-based services to detect and fix those kinds of vulnerabil...

Israeli IoT security co Vdoo raises $25m The Tel Aviv-based company's automated product security platform for device manufacturers and deployers performs a complete security assessment in minutes. Israeli automated security platform for IoT and embedded software developer Vdoo today announced that it has extended its Series B financing round by raising an additional $25 million led by Qumra Capital, Verizon Ventures, and others. This brings to $57 million the amount raised in the Series B round and to $70 million the amount raised since the company was founded. The Tel Aviv-based company was...

Verizon Ventures led the Series B extension. "The number of connected IoT devices is rapidly growing, creating greater opportunities for security breaches," said Boaz Dinte, Managing Partner of Qumra Capital that led the round. "Vdoo's unique device-centric, deep technology automated approach has already brought immediate value to vendors in a very short period of time. We believe the market opportunity is huge, and with newly infused growth capital, Vdoo is well-positioned to become the leading global player for securing connected devices." Almost doubled the round Vdoo delivers the industry...