VDOO raised $13 Million to Secure the Internet of Things
21 January, 2018
The small statrup from Tel Aviv has developed an end-to-end platform that allows IoT makers to quickly add the right level of security to their devices with minimal resources required
VDOO from Tel Aviv has raised $13M in initial funding in a round led by 83North (formerly Greylock IL) and included participation by Dell Technology Capital and strategic individual investors, including David Strohm, Joe Tucci, and Victor Tsao. The funding will be used to develop and commercialize IoT security platform which provides an automated, end-to-end process that analyzes devices, delivers the right security requirements and implementation guidance for a full range of connected devices.
Loss of control of locks, alarms, video cameras, and many other connected things, can cause irreversible damage. The sheer number and diversity of connected devices, combined with evidence that attackers are building their infrastructure for future massive breaches, suggests that a significant number of users and businesses could be at risk. “An analysis of IoT attacks over the past 18 months, shows that even the simplest hacks can have serious consequences,” says Netanel Davidi, Co-CEO and founder at VDOO. “The problem is that there are no actionable processes or standards to guide IoT makers in the implementation of the proper security for each specific device.”
VDOO was founded by Netanel Davidi, Uri Alter, and Asaf Karas. Netanel Davidi and Uri Alter, Co-CEOs, previously founded Cyvera, a company that developed innovative endpoint security solutions, which was acquired by Palo Alto Networks in 2014. Asaf Karas is a cyber security researcher. In his recent role in the IDF, Asaf managed more than 100 cyber security experts.
VDOO has developed an end-to-end platform that allows IoT makers to quickly add the right level of security to their devices with minimal resources required. The foundation of VDOO’s solution is its comprehensive IoT Security Taxonomy engine that analyzes and then classifies tens of thousands of connected devices, to eventually determine the appropriate level of security for each, based on risk factors, threat landscape, and technology attributes.
“The Taxonomy engine combined with the automated analysis technologies enable, for the first time, the right, actionable security, for each and every analyzed product. Our goal is to balance security with device operation and the makers’ business considerations, so that requirements are specific to the device and reasonable at the same time,” says Uri Alter, Co-CEO and founder at VDOO. “Once the right requirements are determined, we make it easy and cost-effective for IoT makers to add security to their devices.”
The VDOO solution performs a security gap analysis on IoT devices, against the specific security requirements for each device type, and provides a detailed recommended plan of action to fill security gaps. Once security features have been implemented, VDOO validates that security requirements have been met and provides physical and digital certifications. The on-device digital certification agent monitors the security state of the device and communicates it to other systems such as gateways, firewalls, and edge solutions; which provides post-deployment security, ensuring the device is not being compromised.
“We believe that IoT security is critical for IoT growth and adoption across multiple industries. The ability to certify connected devices is a huge challenge and a key for IoT security,” says Yair Snir, GM, Dell Technologies Capital. VDOO is currently working with design partners on its initial release. An early beta program will be available to a broader group of beta customers in June 2018.
For more information: www.vdoo.com.