ShieldIOT
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$3.6m | Seed | ||
* | $7.4m | Series A | |
Total Funding | AUD17.0m |
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EditShieldIOT is a cybersecurity company specializing in securing Internet of Things (IoT) networks. The company operates in the cybersecurity market, focusing on service providers and utilities that require robust protection for their IoT gateways and connected sensors. ShieldIOT's core product is an AI-driven security platform that automatically detects the first signs of unknown cyber attacks and operational events, providing 20 times more accurate anomaly detection compared to other vendors. The platform is designed to prevent damage to device operations and safeguard connected IoT network components, making it ideal for gateways, industrial PCs, and Linux-based edge devices. ShieldIOT serves a wide range of industries including smart grids, smart cities, connected transport, connected buildings, smart logistics, and Industry 4.0. The company's business model revolves around offering subscription-based services for its security platform, generating revenue through recurring fees from its clients. ShieldIOT creates value by ensuring continuous business operations across entire IoT networks, thereby reducing the risk of cyber threats and operational disruptions.
Keywords: IoT security, anomaly detection, AI-driven, gateways, industrial PCs, edge devices, smart grids, smart cities, connected transport, Industry 4.0.