US mobile firm Mocana gets $15M to secure the Internet of Things
Mobile security firm Mocana scored $15 million in a funding round led by GE Ventures. The new funding will go towards protecting the Internet of Things (IoT), according to VentureBeat.
Shasta Ventures, Symantec, Trident Capital, and Southern Cross Venture Partners also participated in the said round. Mocana has raised approximately $50 million to date, the report said.
The San Francisco-based company focuses on mobile security for enterprises and developers. The firm's products include an app and web-specific security, and a no-coding software development kit. Now, the company is eyeing protection for the IoT. Anything liked to the internet is prone to hacking, the report explained.
The new capital will also be used to build out Mocana's mobile security products. The company is already working in direct tandem with device manufacturers to secure Wi-Fi-enabled stuff. The firms says it has already developed security from more than 300 device manufacturers including Cisco, Honeywell, and General Dynamics, VentureBeat reported.