Industrial cybersecurity startup Claroty raises $140M in pre-IPO funding round

Claroty, an industrial cybersecurity company that helps customers protect and manage their Internet of Things (IoT) and operational technology (OT) assets, has raised $140 million in its latest, and potentially last, round of funding.  With the new round of Series D funding, co-led by Bessemer and 40 North, the company has now amassed a total of […]

Xage secures $12 million Series A for IoT security solution on blockchain

Xage (pronounced Zage), a blockchain security startup based in Silicon Valley, announced a $12 million Series A investment today led by March Capital Partners. GE Ventures, City Light Capital and NexStar Partners also participated. The company emerged from stealth in December with a novel idea to secure the myriad of devices in the industrial internet […]

Google to acquire Xively IoT platform from LogMeIn for $50M

Google announced today that it intends to buy Xively from LogMeIn for $50 million, giving Google Cloud an established IoT platform to add to their product portfolio. In a blog post announcing the acquisition, Google indicated it wants to use this purchase as a springboard into the growing IoT market, which it believes will reach 20 billion connected […]