CloudPost Networks, the developer of Security and Risk Management software that enables companies to deploy IoT devices safely and securely across their operations, announced today that it has closed a $4M Seed funding round led by Wing Venture Capital, the best-of-breed venture firm focused on early-stage, long-term company building in business technology.
There is an urgent need for innovative solutions that are tailor-made for managing IoT risks. The widespread penetration of insecure devices, and companies' use of smart systems to drive new services and revenue growth, have dramatically expanded attack surfaces. At the same time, hackers are becoming ever more adept at exploiting IoT vulnerabilities, as recent sophisticated security breaches have highlighted.
