Viakoo

Viakoo, Inc. is a cybersecurity company providing an enterprise IoT security solution that efficiently manages cyber hygiene and performance across a wide range of IoT devices and systems. Founded in 2013, Viakoo, Inc. is based in Mountain View, US. The company offers an IoT security solution that efficiently manages vulnerabilities across distributed devices. The founders include Bud Broomhead, David Nelson-Gal, Jim T, and Mark McCourt.Viakoo's core offering is the Viakoo Action Platform, an enterprise IoT security solution designed to manage cyber hygiene and performance across a vast array of distributed IoT devices and systems from any vendor. The platform automatically discovers, monitors, and updates the firmware, passwords, and SSL certificates of IoT devices, thereby reducing vulnerabilities and compliance issues. With its user-friendly interface, Viakoo addresses the common challenges organizations face in managing IoT security, with nearly 75% of identified security problems capable of being fixed remotely. The platform was released in October and is particularly relevant for enterprises which have a significant number of IoT devices, with estimates suggesting 5-10 devices per full-time employee.Viakoo generates revenue through a subscription-based model for its Viakoo Action Platform, which allows organizations to access its comprehensive suite of IoT security management tools. These subscriptions are tailored to meet the specific needs of clients, providing varying levels of service and functionality based on the scale and complexity of their IoT environments. Transaction structures typically involve direct agreements with enterprise clients, whereby businesses pay for annual subscriptions that grant access to the platform's features, including automated remediation, compliance tracking, and device management. By offering scalable solutions, Viakoo accommodates a broad range of enterprises, ensuring that security needs are met as organizations expand their IoT deployments.000 mn to further develop its platform by adding resources for remediation and repatriation of IoT devices. This will enhance their offering and support the growing demand for comprehensive IoT security solutions. The company is also targeting expansion into new markets, with a focus on increasing its presence in North America and Europe by enhancing service offerings and reaching more enterprise clients.

1. Series A

   Oct 28, 2021

   Amount

   $10M

   Investors

   Locked