Sternum, a Tel Aviv, Israel-based IoT company that brings security, observability and data capture to every IoT device, closed a $27m Series B funding.
The round was led by Spark Capital, with participation from existing investors Square Peg Capital, the Hinrich Foundation, btov, and other private investors, which represents a total of $37m raised to date.
The company intends to use the funds for R&D – to advance its scalable platform – and to grow its team overall as it ramps up global go-to-market efforts.
Led by Natali Tshuva, co-founder and CEO, Sternum is a code-free, device-resident IoT security, observation, and data-harvesting company. Its patented software can be embedded into any IoT device, no matter the underlying code, manufacturer, or year of production, and is actionable whether the device is connected or not. This self-sustaining, unified platform brings intelligence to otherwise non-communicative edge devices, enabling them to autonomously protect themselves without connectivity and generate real-time data; processing happens in the Sternum cloud platform when available.