Afero, a Menlo Park, California-based company focused on securing IoT device communication, has closed a $50 million Series C funding round. To date, the company has raised $100 million in funding.
The new investment came from Crosspoint Capital Partners. Home Depot also participated, but the terms of the transaction were not disclosed.
Founded in 2014, Afero aims to secure device connectivity from the manufacturing process to consumer use, offering a platform that supports all types of smart home devices and provides secure cloud communication with Afero’s services.
The company’s solution, which is offered under the Platform-as-a-Service (PaaS) business model, delivers hardened security, simplifies onboarding, and can also accommodate the needs of organizations looking to deploy complex IoT programs.
“Since 2014, Afero has enabled consumers and enterprises to better protect the devices they use daily, and we’re eager to extend our offerings across new markets such as logistics and healthcare,” Joe Britt, co-founder and CEO of Afero, said.
Related: Email Security Company IronScales Raises $64 Million
Related: ID Verification Company Incode Raises $220 Million at $1.25B Valuation
Related: Grip Security Raises $25 Million to Secure SaaS Applications

More from Ionut Arghire
- Nigerian BEC Scammer Sentenced to Prison in US
- China’s Nuclear Energy Sector Targeted in Cyberespionage Campaign
- 14 Million Records Stolen in Data Breach at Latitude Financial Services
- iOS Security Update Patches Exploited Vulnerability in Older iPhones
- Hackers Earn Over $1 Million at Pwn2Own Exploit Contest
- GoAnywhere Zero-Day Attack Hits Major Orgs
- Australia Dismantles BEC Group That Laundered $1.7 Million
- GitHub Rotates Publicly Exposed RSA SSH Private Key
Latest News
- Mandiant Catches Another North Korean Gov Hacker Group
- Microsoft Puts ChatGPT to Work on Automating Cybersecurity
- Video: How to Build Resilience Against Emerging Cyber Threats
- Nigerian BEC Scammer Sentenced to Prison in US
- China’s Nuclear Energy Sector Targeted in Cyberespionage Campaign
- SecurityScorecard Guarantees Accuracy of Its Security Ratings
- ChatGPT Data Breach Confirmed as Security Firm Warns of Vulnerable Component Exploitation
- 14 Million Records Stolen in Data Breach at Latitude Financial Services
