NanoLock Security eyes expanded footprint following $11m Series B

Israeli device protection and management firm NanoLock Security has raised $11m from a Series B funding round.

The round saw participation from OurCrowd, HIVE2040, AWZ Ventures and Atlantica Group. To date, the company has raised a total of $21m.

Founded in 2017, NanoLock specialises in IoT and operational technology device protection and management. The company’s technology is embedded into devices during manufacturing and assembly and is created to provide protection against a wide range of cyber threats such as supply chain attacks and internal and external threat actors.

NanoLock’s technology can be used for smart meters, smart lighting devices and industrial systems amongst others. The company claims it is already working with utility and industrial companies in the US, Europe and Asia.

Currently, NanoLock can be found are two locations, both based in the state of Illinois.

According to the company, it will use the recent capital influx to expand and improve its solutions.

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