# ShieldIOT

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shieldiot

- Industry: Software
- Headquarters: Israel
- Website: www.shieldiot.io
- Total disclosed funding: $11M
- Latest round: Series A (Nov 19, 2021)
- Investors on record: 11

## About

ShieldIOT Ltd. specializes in agent-less cybersecurity solutions for cellular IoT networks, offering enhanced visibility and compliance for SIM-connected devices and applications to combat emerging enterprise threats.Founded in 2017 in Israel, ShieldIOT Ltd. focuses on securing IoT networks with their unique cybersecurity platform. The company was established by Ohad Levin and Udi Solomon, and is currently led by CEO Mark White. They recently raised USD 7.4 mn in Series A funding on November 19, 2021, with participation from Akamai Technologies, Atlas Asset Management, Bloc Ventures, DIVEdigital, Future Energy Ventures, Joule Ventures, NextLeap Ventures, and Springtide Ventures, bringing their total funds raised to USD 7.4 mn.Shield-IoT specializes in providing an agent-less cybersecurity platform designed specifically for cellular IoT networks. Their core offerings focus on delivering visibility, security, and compliance for any SIM-connected device or application, effectively addressing growing enterprise threats in the IoT landscape. The platform employs advanced technologies such as Coreset-AI network anomaly detection, threat intelligence, and rule-based detection engines to enhance operational insights and risk management. Shield-IoT primarily serves IoT connectivity service providers (CSPs), enabling them to integrate security services into their offerings and generate new revenue streams. Notable clients include Datora in Brazil and Akamai, with a significant user base extending across various geographical markets, including North America, Europe, and South America.Shield-IoT generates revenue through a subscription-based model tailored for its IoT security solutions. The structured transactions typically involve partnerships with IoT connectivity service providers who resell the cybersecurity platform as a value-added service. Clients pay a recurring fee to access the platform, which includes comprehensive features such as network monitoring, anomaly detection, and compliance reporting. The pricing structure is designed to provide CSPs with the flexibility to offer tiered security services, thereby allowing them to cater to a diverse range of enterprise clients across various sectors. Shield-IoT's solutions have been deployed in multiple use cases, serving millions of devices and thousands of business customers, thereby solidifying their position in the IoT security market.In November 2021, ShieldIOT Ltd. secured USD 7.4 mn in Series A funding, which will be utilized to streamline and secure mass-scale IoT networks. The company is focusing on developing new products to enhance its cybersecurity offerings, although specific release dates have not been disclosed. Additionally, ShieldIOT aims to expand its presence in new markets in North America and Europe, targeting a broader client base by 2023.

## Funding rounds

- Series A, Nov 19, 2021, $7.4M — Future Energy Ventures, Akamai Technologies, Inc., Bloc Ventures, Atlas Asset Management, Joule Ventures, Springtide Ventures, NextLeap Ventures, DIVEdigital
- Seed, Sep 26, 2019, $3.6M — Danmar Capital, Joule Ventures, innogy New Ventures LLC, Minvest

## Investors

- Danmar Capital — Seed
- Joule Ventures (https://capitalatlas.ai/funds/joule-ventures) — Seed, Series A
- innogy New Ventures LLC — Seed
- Minvest — Seed
- Future Energy Ventures (https://capitalatlas.ai/funds/future-energy-ventures) — Series A
- Akamai Technologies, Inc. — Series A
- Bloc Ventures (https://capitalatlas.ai/funds/bloc-ventures) — Series A
- Atlas Asset Management — Series A
- Springtide Ventures — Series A
- NextLeap Ventures (https://capitalatlas.ai/funds/nextleap-ventures) — Series A
- DIVEdigital — Series A