Iot Security Enterprise Netrise Locks In $8m

NetRise, a company providing visibility into IoT security problems, has raised $8m in a recent funding round. The round was led by Squadra Ventures, with participation by existing major investors Miramar Digital Ventures, Sorenson Ventures and DNX Ventures. NetRise has developed a cloud-based SaaS platform that analyzes and continuously monitors the firmware of Extended Internet of Things (XIoT) devices. This funding will allow NetRise to expand its platform capabilities such as coverage for Windows systems and containers as well as development of additional machine learning models for advanced analysis. The NetRise platform enables continuous monitoring and analysis, compliance assessment and recommendations, real-time-risk tracking, and the generation, storage and management of Software Bills of Materials (SBOMs).