Tuesday, June 18, 2024
HomeWhat's NewNewsIoT Anomaly Detection Startup Shield-IoT Raises $7.4M

IoT Anomaly Detection Startup Shield-IoT Raises $7.4M

- Advertisement -

Shield-IoT, a security solutions provider for mass-scale IoT announced to have raised $7.4 million in Series A round of funding led by NextLeap Ventures and Bloc Ventures, with the participation of Atlas Ventures, Akamai Technologies, Springtide Ventures, DIVEdigital, and Janvest Capital Partners.

Founded in 2017, Shield-IoT addresses the escalating proliferation of IoT cyber threats to devices, data, critical services, and infrastructure. With Shield-IoT, service providers and IoT brands can monitor and secure their mass-scale B2B IoT and IIoT networks, reduce operational costs, and generate new revenue streams with value-added services.

“Shield-IoT’s innovative approach to anomaly detection enables Akamai to provide accurate analytics at mass-scale,” says Ramanath Mallikarjuna, chief Strategist at Akamai Technologies. “Akamai is collaborating with Shield-IoT on innovative solutions to enhance cybersecurity and operational monitoring for customers of Akamai’s IoT solutions.”

- Advertisement -

Currently, in use across multiple verticals including telcos, utilities, transportation, manufacturing, smart cities, and government, the company is said to offer a simple-to-deploy and easy-to-operate cloud-based software solution to protect any IoT device or application with no changes to end-customer networks.

Based on over 15 years of academic research and 50 academic papers, Shield-IoT coreset-AI patented technology revolutionises IoT mass-volume data analysis through a unique transformation of “big data” into small datasets. “Coresets compress the data from n to log(n), or from 1 million to 20 data points, enabling context-free highly accurate anomaly detection in minutes instead of hours or days,” says Professor Dan Feldman, Chief Scientist at Shield-IoT.

 

- Advertisement -
Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

News

Solutions

Most Popular