VDOO Connected Trust Ltd., a Tel Aviv, Israel-based developer of security automation for embedded devices, raised $32m in Series B funding.
The round, which brings total funding to $45M, was led by WRVI Capital and GGV Capital, with participation from NTT DOCOMO, which joined the round based on earlier successful cooperation, MS&AD Ventures, an affiliate of a global cyber insurance firm, strategic individual investor Mr. Avigdor Willenz, Founder of Galileo Technologies and Annapurna Lab, and 83North, Dell Technology Capital and David Strohm.
The company intends to use the funds to increase market adoption of its IoT security platform while also expanding its technical capabilities.
The capital will be used to accelerate product innovation in the form of a comprehensive set of automated analysis capabilities, including zero-day vulnerabilities detection and the expansion of a partner and distribution network, which already includes NTT, Macnica, DNP and Fujisoft in Japan.
Co-founded by Netanel Davidi, Co-CEO, Uri Alter, Co-CEO, and Asaf Karas, CTO, VDOO provides an automation platform that enables IoT manufacturers to raise security in a scalable manner by implementing only device-specific security requirements which include step by step guidance to mitigate threats. The security requirements are integrated into common task management and development environments. On top of that, VDOO technology improves the device’s security by automatically generating tailor-made on-device micro-agents for active real-time protection against known and unknown threats, including exploits that utilize advanced methods.
The company’s security automation technology leverages machine learning capabilities to create a security profile for any embedded device by defining its unique threat landscape, conducting designated penetration testing and performing a complete security gap analysis – all in an automated manner.
The advanced capabilities are based on deep analysis on a data set of 70M embedded systems’ binaries and more than 16K versions of embedded systems.
Many of the vulnerable devices that VDOO identified are connected directly to the internet and are widely spread across device types such as video surveillance equipment and security cameras, with NVRs and DVRs topping the list, followed by network elements such as gateways, routers, switches, STBs, and modems.
Security issues were also found in IT and OT appliances such as NAS servers, industrial control switches, printers, VoIP gateways and conference extensions, as well as in fire alarms, PLCs, access control and medical devices.
In the consumer sector, security issues were found in smart watches, light bulbs, printers, tracking devices, smart TVs, personal alarms, and many other popular smart home devices.