Viakoo has brought in $10 million in Series A funding. The company was founded in 2013, and plans to use the funds to expand its executive team, drive international sales, and advance the development of its IoT management platform.
In that regard, Viakoo is best known for its Viakoo Action solution, which analyzes each device connected to a company’s network to watch for potential vulnerabilities. The solution is fully automated, and considers factors like firmware, password policies, and certificate status, in addition to the actual applications loaded onto a device.
The goal is to simplify IoT management and minimize the amount of work that has to be offloaded to manual agents. Viakoo Action generates a summary for each device, and identifies any devices that do not have the proper firmware or are not following the company’s password and authentication policies. The company can then take the steps needed to patch those devices and ensure that security best practices are being enforced across the organization.
Viakoo Action is compatible with discovery tools like Armis and Forescout, and can scale upward to provide coverage for thousands of devices. It will also produce an auditable record of device reports that shows when updates took place. The solution can be used with many different kinds of devices, and can help update tightly coupled devices in addition to those that are more loosely paired. Viakoo identified the latter as one of the defining features of its own platform.
Viakoo operates out of Mountain View, California. Shasta Ventures led the latest funding round, with Stanley Black & Decker, PivotNorth Capital, and Blue Fog Capital acting as the other participants. The latter three are prior Viakoo investors. Viakoo itself already has more than 100 customers, and believes that its solutions will be popular in a number of different sectors, including education, healthcare, government, and the enterprise.
Source: VentureBeat
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