Cybeats Announces $3M Investment for Cybersecurity and Lifecycle Management for IoT Devices
Summary
The funding will be used to expand sales, research and development, and Cybeats’ enterprise capabilities with a focus on smart buildings, medical devices and critical infrastructure.Cybeats deploys internal defense, monitoring and lifecycle management for IoT devices to protect against known and completely new cybersecurity threats.Through an “inside-out” approach, Cybeats deploys a microagent in the firmware that complements the existing software and hardware of the device, and ensures it will not be compromised.“Efficient, reliable cyber security solutions are essential in order to leverage the full potential of digital built environment” said Susan McArthur, Managing Partner, GreenSoil Building Innovation Fund.Funded by the Province of Ontario, it has a 10-year history of successfully providing innovative firms with the capital, mentorship and networks needed to validate ideas and bring products to market.