Header Press Iotinspector

ONEKEY Secures Millions in Funding from eCAPITAL

[vc_row][vc_column width=”1/1″][vc_column_text]PRESS RELEASE[/vc_column_text][vc_custom_heading]IoT Inspector Secures Millions in Funding from eCAPITAL[/vc_custom_heading][vc_column_text]Bad Homburg, Germany – 24. September 2020 – IoT Inspector GmbH, a sophisticated firmware analysis platform to automatically detect vulnerabilities in IoT firmware, has secured two million Euro from eCAPITAL’s Cybersecurity Fund and eCAPITAL IV Fund.

 

Network cameras, VoIP telephones, routers, switches, printers or even building control systems – more and more devices are connected and part of the IoT. The majority of these devices have one thing in common: they are rarely updated and therefore particularly susceptible to critical security gaps, such as hard-coded passwords, non-removed debugging tools or weaknesses in authentication. This encourages compromises such as data theft or network attacks.

 

The analysis platform IoT Inspector enables manufacturers, service providers and end users to automatically and efficiently examine the firmware of IoT devices for potential vulnerabilities, in order to make point of attacks visible and adjust security measures accordingly. At the same time, the level of compliance with international IoT security standards (e.g. ETSI TS 103 645 or ENISA Baseline Security Recommendations for IoT) can be checked thanks to the Compliance Checker function.

 

“IoT Inspector will use the investment to strengthen its market position and acquire further strong partners by accelerating its research, marketing and sales activities,” says Willi Mannheims, Managing Partner at eCAPITAL. “With Venture partner Hans-Christoph Quelle, eCAPITAL is also sending a recognized cybersecurity expert to the newly founded advisory board of IoT Inspector.”

 

“This capital raise by a renowned German venture capital investor, with a specialized cybersecurity fund, is proof of the market potential of our solution in the rapidly growing cybersecurity market”, says Rainer M. Richter, Managing Director of IoT Inspector GmbH. “The investment will help us to further develop our technology and to continue to successfully establish our analysis platform in the market. We are delighted to have eCAPITAL as a new investor on our side”.

 

“Behind the IoT Inspector there is an experienced, motivated team and a technology that delivers real added value and has the potential to sustainably reduce the cyberattack surface and thus make the Internet of Things more secure”, says Dr. Hans-Christoph Quelle, Venture Partner at eCAPITAL.

 

About eCAPITAL

eCAPITAL is a venture capital firm that provides early to growth stage funding to technology companies in the fields of software & information technology, cybersecurity, industry 4.0, new materials and cleantech. Founded in 1999, eCAPITAL has a history of supporting entrepreneurs determined to build companies with lasting significance. Partnering with eCAPITAL means joining an international network of business leaders, entrepreneurs, technologists and potential partners. eCAPITAL is located in Germany, currently manages funds with over EUR 220 million under management and was lead investor of some very successful German exits like sonnen or Novaled. For more information, visit https://ecapital.vc/.[/vc_column_text][/vc_column][/vc_row]

About ONEKEY

ONEKEY is the leading European specialist in Product Cybersecurity & Compliance Management and part of the investment portfolio of PricewaterhouseCoopers Germany (PwC). The unique combination of an automated Product Cybersecurity & Compliance Platform (PCCP) with expert knowledge and consulting services provides fast and comprehensive analysis, support, and management to improve product cybersecurity and compliance from product purchasing, design, development, production to end-of-life.

Critical vulnerabilities and compliance violations in device firmware are automatically identified in binary code by AI-based technology in minutes – without source code, device, or network access. Proactively audit software supply chains with integrated software bill of materials (SBOM) generation. “Digital Cyber Twins” enable automated 24/7 post-release cybersecurity monitoring throughout the product lifecycle.

The patent-pending, integrated Compliance Wizard™ already covers the upcoming EU Cyber Resilience Act (CRA) and existing requirements according to IEC 62443-4-2, ETSI EN 303 645, UNECE R 155 and many others.

The Product Security Incident Response Team (PSIRT) is effectively supported by the integrated automatic prioritisation of vulnerabilities, significantly reducing the time to remediation.

Leading international companies in Asia, Europe and the Americas already benefit from the ONEKEY Product Cybersecurity & Compliance Platform and ONEKEY Cybersecurity Experts.

 

CONTACT:

Sara Fortmann

Marketing Manager

sara.fortmann@onekey.com

 

euromarcom public relations GmbH

+49 611 973 150

team@euromarcom.de