April 2019 Startup of the month: Nanolock Security

4YFN 2019 Award winner Israeli startup NanoLock Security has created a new cloud-to-flash approach to security protection and management of edge devices in the IoT for applications such as smart cities, autonomous vehicles, telcos, and industry 4.0.

Already in partnership with 80% of the leading flash memory vendors, NanoLock’s mission is to disrupt how IoT cybersecurity is managed and mitigated, with a unique cloud-to-flash, end-to-end approach to network management that looks beyond the software level and protects the end-point or embedded device on the network at the edge.

NanoLock’s approach creates a secure channel between the cloud, where IoT data is continuously growing in size and scale, and the flash in the device, making it possible to send trusted and secure updates between the two, regardless of the status of the network, the status of the processor, or the version installed in the flash. This helps prevent and combat against detrimental attacks to the CPU, such as notorious botnet attacks like known automotive attacks VPNFilter and Mirai. With this solution, NanoLock is both reducing operational costs—such as technician updates—and unexpected downtime, while offering advanced monitoring of devices.

The $9M investment received to date includes a $4.5M venture round from Awz HLS Investment Fund, a pioneering homeland security technology venture capital fund in Israel.

NanoLock is currently raising Series B to grow its team, scale its market presence in the US, Europe and Asia and expand its business and growing list of customers.

 


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