ZingBox, an IoT security solution provider, has raised $22 million in a Series B funding round led by Dell Technologies Capital and Triventures.
According to the company, the new investment will enable ZingBox to increase headcount in the next year to accelerate product capabilities, and expand market reach relating to its IoT Guardian technology that addresses organizations’ IoT security problem.
ZingBox IoT Guardian is based on device personalities and leverages machine learning to discover, assess risk, baseline normal behavior, detect anomalous activities and provide real-time remediation across an organization’s entire IoT footprint. The patent-pending solution “has a deep grasp of each IoT device’s personality,” analyzing communication to and from every device, watching constantly for deviations in behavior and providing alerts for suspicious behavior.
Dell Technologies Capital is the global investment arm for the Dell Technologies family of businesses (Dell, Dell EMC, Pivotal, RSA, SecureWorks, Virtustream and VMware).
Triventures is a venture capital fund that invests in medical device and digital health companies that impact the quality and cost of healthcare.
As more and more hospitals, retailers and businesses deploy IoT solutions, security is critical, and ZingBox’s machine-learning approach to IoT security helps them address this fundamental challenge, said Raman Khanna, managing director of Dell Technologies Capital, noting that his company invests in “innovative founders and companies” that can utilize Dell Technologies Capital’s technical resources and go-to-market channels.
Enabling the “Internet of Trusted Things,” ZingBox provides hospitals, companies, and manufacturing facilities with IoT security software that helps ensure service delivery. ZingBox’s approach is based on deep learning and enforcement of trusted behavior.
For more information, visit www.zingbox.com.