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IoT security startup Sternum raises USD 6.5 mln in Series A funding

Tuesday 15 September 2020 | 16:27 CET | News

Israeli IoT security Sternum raised USD 6.5 million in Series A funding to provide embedded cyber-security and real-time visibility for IoT devices. The new round brings Sternum's raised total funding to USD 10 million since being founded in 2018. Sternum will use the funding to expand its R&D team and bolster its go-to-market strategy as the company ushers in the next generation of IoT with its cyber-security and monitoring products. 

The round, led by Square Peg, was joined by existing investor and global business leader Merle Hinrich, European venture capital firm btov, and private investors including Boston-based veteran entrepreneur Eyal Shavit and Founder & CEO of CyberArk, Udi Mokady. Following this investment, Shavit, Schwartz and Hinrich will join Sternum's BoD. 

Sternum already partnered with public enterprises including Telit, as well as a global medical device manufacturer, to provide endpoint security for life-saving IoT devices. 

Sternum provides on-device protection.

 




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Categories: Internet / Mobile & Wireless
Companies: Sternum
Countries: Israel / World
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