California-based Viakoo raises $10M in Series A funding
California-based Viakoo announced last week that it raised $10 million in its Series A round led by Shasta Ventures. The round also saw participation from Stanley Black & Decker, PivotNorth Capital, and Blue Fog Capital.
The startup plans to utilise the capital raised to expand executive leadership and boost development of product offerings and go-to-market effort.
Viakoo CEO Bud Broomhead said, “With support from our investors, Viakoo is entering its next chapter of growth to achieve its vision of helping customers defend their IoT attack surfaces across the enterprise. We’ve already gained significant traction with large-scale customers, including cities, healthcare, education, and large data centers. With our latest investment, we are now in an excellent position to extend our leadership in IoT device vulnerability remediation.”
Viakoo was founded by the former to help provide security to IoT devices by managing outdated systems and reducing the number of vectors available to hackers to attack.
Commenting on the investment, Shasta Ventures Managing Director Nitin Chopra said, “Today’s enterprises are experiencing cyber vulnerabilities caused by thousands of unmanaged and IoT devices that keep their employees and facilities secure, and perform critical functions to ensure the business or facility runs smoothly. Viakoo enables organizations to secure, manage, and remediate both loosely and tightly coupled devices like medical equipment, point-of-sales systems, HVAC, video security and other IP-based systems at scale.”
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