Italy-based fintech startup qomodo has secured £1.3m in Pre-Seed funding to additional strengthen its cybersecurity platform and assist its actions in Europe and the US.
Founded by a crew of ex-BAE Systems and NATO cyber safety consultants, qomodo is pioneering superior programs improvement for Extended Internet of Things (XIoT) cyber safety, with a deal with risk detection and prevention on the host degree inside embedded programs.
XIoT and its vulnerabilities
XIoT consists of units that join bodily programs to the web, extending past conventional servers and laptops.
Nation-states reminiscent of Russia, China and North Korea are actively engaged in refined cyber operations focusing on essential infrastructure all over the world, typically exploiting vulnerabilities in prolonged IoT environments, exemplified by high-profile cyber assaults such because the NotPetya incident which brought about over £950 million in damages worldwide.
As reliance on IoT know-how will increase in areas essential to nationwide safety and financial stability, nation-state actors and cybercriminals need to exploit the speedy technological integration and current safety gaps throughout the IoT.
How qomodo fights cybercrime
qomodo’s superior IoT observability and risk prevention software program brokers are designed to fight these threats by integrating machine studying know-how to proactively detect and block intrusions, thereby Protect essential infrastructure with out impacting IoT gadget system efficiency.
qomodo permits you to “see” units that have been as soon as “black containers” and profile their habits and vulnerabilities.
Qomodo officers mentioned the accelerated adoption of IoT units and insufficient safety measures are creating vital dangers. Malware focusing on IoT has elevated by 400%, with assaults costing £1 billion per yr within the UK alone. Their intelligence-led strategy and strong, resource-efficient software program brokers are a significant weapon in making certain the safety and resilience of the IoT ecosystem in opposition to the backdrop of worldwide cyber warfare.
The capital raised on this spherical will allow Qomodo to additional strengthen its platform-agnostic software program agent and assist the corporate’s growth in Europe and the US, enabling direct buyer engagement and product improvement. Helps enhance market match.