Tel Aviv, Israel, 13 October 2022 – SecuriThings has announced it has raised a $21 million (€21.54 million) Series B funding round led by U.S. Venture Partners (USVP) and participation from Swisscom Ventures, bringing the company’s total amount raised to $39 million (€40.00 million). Existing investors Aleph,Firstime VC and Cresson Management also participated in the round.
SecuriThings is redefining the way organisations manage and secure physical security devices at scale, helping physical security teams ensure device performance while reducing costs. Its IoTOps platform provides real-time visibility, protection and predictive maintenance capabilities for IoT devices empowering a wide variety of organisations to improve system availability, organisational compliance and cyber protection. Using automation, analytics and actionable alerts, IoTOps enables teams to shift their focus to more strategic tasks by cutting the load of manual labor and on-site visits, as well as driving cost efficiency within their processes.
“Most enterprises have hundreds to many thousands of physical security devices to protect their people, property and IP, as well as to comply with legal and regulatory requirements. The volume and complexity of managing all these devices is incredibly challenging,” says Roy Dagan, CEO of SecuriThings. “What makes our IoTOps platform a game-changer is that it is enabling physical security teams across various industries and organisation sizes, including multiple Fortune 100 companies, to bring IT standards to all of their devices. These teams are moving to the forefront of their organisation as leaders educating on best practices for device management and operations.”
With the new financing, SecuriThings will invest heavily in driving go-to-market plans in North America and globally, including growing its partner ecosystem. The company will also accelerate R&D and product development of its platform, creating new features to expand its capabilities while adding support for additional types of devices.
“SecuriThings is the category provider, with the only comprehensive solution in this space, providing significant value to customers across various industries which was prevalent in all conversations with customers. We share the confidence of their customers and partners in their category-defining approach to managing physical security devices,” says Jacques Benkoski, general partner at USVP. “Roy and his team have proven that they have the technology, the expertise, and the commitment that it takes to continue in this space. We’re thrilled to be on their growth journey as SecuriThings becomes the de facto platform for managing physical security operations across organisations worldwide.”
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