Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Application Security //


06:40 PM
Curtis Franklin Jr.
Curtis Franklin Jr.
Curt Franklin

Mocana Lands $11M Funding for IoT Security

New round of funding brings IoT security company's total to $93.6 million.

Mocana Corporation, IoT security provider and winner of the Most Innovative Security Strategy Leading Lights Award at Light Reading's Big Communications Event 2017, announced $11 million in new venture funding from Sway Ventures, Shasta Ventures, Trident Capital Fund and GE Ventures. The new funding brings the investment total to $93.6 million.

Mocana's approach to IoT security is based on its Mocana IoT Security Platform, which provides trusted device status and software update capabilities for IoT devices through a gateway. This allows these features to be applied to IoT end points that may be too limited in capability to allow for software updates or advanced security within the device itself.

The Mocana platform allows both the device and its data to be trusted by securing the boot process and firmware. In addition, the platform secures data transmission among the device, gateway and cloud. Rather than solely providing a separate service to the end-using customer, Mocana has been awarded contracts to integrate its platform into the industrial IoT offerings of companies such as Dell, GE, General Dynamics, Panasonic, Schneider Electric, Siemens and Yokogawa.

Mocana is working with other companies to build an ecosystem of interoperable IoT devices and an open framework for IoT edge computing. The company is a founding member of EdgeX Foundry , alongside Dell, AMD, Canonical and 40 other companies.

Founded in 2002, Mocana now has hundreds of customers in the industrial IoT space and is expanding its presence into IoT fields such as avionics, through a partnership with DDC-I. In a written statement announcing the funding, William Diotte, CEO of Mocana, explained the dynamic that is leading the company to grow: "Hackers are taking advantage of weak security in IoT devices and industrial control systems, and the pace and impact of cyber attacks is only increasing."

— Curtis Franklin, Security Editor, Light Reading. Follow him on Twitter @kg4gwa.

Comment  | 
Print  | 
More Insights
Newest First  |  Oldest First  |  Threaded View
I Smell a RAT! New Cybersecurity Threats for the Crypto Industry
David Trepp, Partner, IT Assurance with accounting and advisory firm BPM LLP,  7/9/2021
Attacks on Kaseya Servers Led to Ransomware in Less Than 2 Hours
Robert Lemos, Contributing Writer,  7/7/2021
It's in the Game (but It Shouldn't Be)
Tal Memran, Cybersecurity Expert, CYE,  7/9/2021
Register for Dark Reading Newsletters
White Papers
Current Issue
How Data Breaches Affect the Enterprise
Data breaches continue to cause negative outcomes for companies worldwide. However, many organizations report that major impacts have declined significantly compared with a year ago, suggesting that many have gotten better at containing breach fallout. Download Dark Reading's Report "How Data Breaches Affect the Enterprise" to delve more into this timely topic.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
PUBLISHED: 2021-11-30
Dell EMC Streaming Data Platform versions before 1.3 contain a SQL Injection Vulnerability. A remote malicious user may potentially exploit this vulnerability to execute SQL commands to perform unauthorized actions and retrieve sensitive information from the database.
PUBLISHED: 2021-11-30
Dell EMC Streaming Data Platform versions before 1.3 contain an Indirect Object Reference Vulnerability. A remote malicious user may potentially exploit this vulnerability to gain sensitive information.
PUBLISHED: 2021-11-30
Dell EMC Streaming Data Platform versions before 1.3 contain an Insufficient Session Expiration Vulnerability. A remote unauthenticated attacker may potentially exploit this vulnerability to reuse old session artifacts to impersonate a legitimate user.
PUBLISHED: 2021-11-30
nextcloud news-android is an Android client for the Nextcloud news/feed reader app. In affected versions the Nextcloud News for Android app has a security issue by which a malicious application installed on the same device can send it an arbitrary Intent that gets reflected back, unintentionally giv...
PUBLISHED: 2021-11-30
Dell EMC Streaming Data Platform, versions prior to 1.3 contain an SSL Strip Vulnerability in the User Interface (UI). A remote unauthenticated attacker could potentially exploit this vulnerability, leading to a downgrade in the communications between the client and server into an unencrypted format...