# Viakoo

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

- Industry: Software
- Headquarters: Mountain View, US
- Website: www.viakoo.com
- Total disclosed funding: $10M
- Latest round: Series A (Oct 28, 2021)
- Investors on record: 4

## About

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. In its latest funding round, Series A, which took place on October 28, 2021, Viakoo raised USD 10.000 mn led by Shasta Ventures, with additional participation from Blue Fog Capital, PivotNorth Capital, and Stanley Ventures. This funding round constitutes the total amount raised by the company to date, totaling USD 10.000 mn.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 serves a diverse client base, including major organizations across various sectors globally, focusing on reducing the cyber attack surface posed by unmanaged IoT devices, particularly in North America and Europe.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. The pricing structure is designed to align with the number of devices monitored and the extent of services utilized, facilitating seamless integration into existing cybersecurity frameworks.Viakoo plans to utilize the recent Series A funding of USD 10.000 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.

## Funding rounds

- Series A, Oct 28, 2021, $10M — Shasta Ventures, PivotNorth Capital, Blue Fog Capital, Stanley Ventures

## Investors

- Shasta Ventures (https://capitalatlas.ai/funds/shasta-ventures) — Series A
- PivotNorth Capital (https://capitalatlas.ai/funds/pivotnorth-capital) — Series A
- Blue Fog Capital (https://capitalatlas.ai/funds/blue-fog-capital) — Series A
- Stanley Ventures (https://capitalatlas.ai/funds/stanley-ventures) — Series A