IoT Security Start-up With $40 Million Funding

IoT Security Start-up With $40 Million Funding

Information Technology, IoT, News, Security

The company of san Francisco, Particle which is known to be a start-up has raised 40 million dollars. With this latest round of funding a platform of Internet of things, devices are being created. It has the backing from existing investors including root ventures & spark capital. Along with it, taking into consideration the latest round of funding the startup Particle has raised 81 million dollars. This san Francisco based firm provides the back end for its customers to provide the Internet of things devices to the customers through the market without having their own software infrastructure. This platform aims to be the one-stop solution for all iot problems with the availability of all the devices. That means that more & more traditional businesses can buy sensors and other monitoring devices, connect them up to their private instruments and use the Particle’s foundation for monitoring. There are many businesses that are very traditional in terms of the techniques and old fashion businesses right Industrial Management or monitoring old equipment like pumps or motors which are very traditional to use. These businesses are diverse in nature, but the common thread is that these businesses need to monitor and control critical machines, and we see it as the aim to help bring their machines, vehicles, and devices into the 21st century.” As stated by the company, it has seen a lot of growth in the last year including its funding round which follows the significant growth for enterprise platform.