Blog | G5 Cyber Security

VC Investments in IoT Security to Reach $400 Million in 2016

The Internet of Things (IoT) raises questions about device vulnerability to hacking. The complexity of the system makes it challenging to create reliable and secure infrastructure. In spite of security concerns, enterprises welcome the adoption of IoT and invest heavily in its advancement. In 2015, VC funding of IoT security startups grew 78% to $228 million and it is expected to reach $400 million in 2016. Half of the startups focused on IoT security are US-based, while a third are located in Israel.”]

Source: https://www.bitdefender.com/blog/hotforsecurity/vc-investments-in-iot-security-to-reach-400-million-in-2016/

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