cybersecdirectory

IoT, embedded and product security acquisitions and funding

33 acquisitions of IoT security companies since 2020 and 67 funding rounds since 2022 on record. The most active buyers are JFrog (2) and Microsoft (2). See the IoT security companies in the directory.

33acquisitions
67funding rounds
$9.7bnpaid in the 8 acquisitions with a disclosed price
$2.0bnraised in the 52 rounds with a disclosed size
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Showing 1 to 50 of 100

DateDealAmountSource
September 2026TigerByte Cyber raised a seed roundTigerByte Cyber provides cyber hardening for AI and edge devices in mission-critical environments.Investor Hale Capital Partners$3mReportvia Security, Funded
September 2026Exein raised fundingExein provides runtime cybersecurity for firmware and physical AI systems across connected devices.Investor Supernova Invest$270mReportvia Security, Funded
September 2026SCI Semiconductor raised a seed roundInvestors Mercia Ventures and PXN Ventures$6.8mReportvia Security, Funded
July 2026Qualcomm acquired SAM Seamless NetworkIsraeli startup making network security software for IoT devicesUndisclosedReportvia SecurityWeek
May 2026CAMA Security received a grantInvestor South Carolina Research Authority$25kReportvia Security, Funded
May 2026Dragos acquired PhosphorusSpecialises in xIoT security for connected devices in critical infrastructureUndisclosedReportvia SecurityWeek
April 2026Kigen raised debt fundingInvestor Salica$13.6mReportvia Security, Funded
April 2026Test of Things raised a pre-seed roundInvestor Vendep Capital$1.4mReport
March 2026Xage Security raised fundingInvestor Piva Capital$15mReportvia Security, Funded
March 2026Eclypsium raised fundingEclypsium provides continuous assurance of critical hardware, firmware, and software across enterprise infrastructure.Investor Peak 6$25mReportvia Security, Funded
March 2026Emproof raised fundingBochum software firm hardening embedded and ECU firmware binaries against reverse engineering and exploitation, with ASIL-D certification.Investor Auriga Cyber VenturesUndisclosedReportvia Security, Funded
February 2026Nullify raised a seed roundInvestor SYN Ventures$12mReportvia Security, Funded
December 2025Exein raised debt fundingExein provides runtime cybersecurity for firmware and physical AI systems across connected devices.Investor JP MorganUndisclosedReportvia Security, Funded
December 2025Axiado Corporation Inc raised a Series C roundInvestor Maverick Silicon$100mReportvia Security, Funded
December 2025ServiceNow acquired ArmisArmis provides cyber exposure management and security for connected devices and operational technology.$7.8bnReportvia SecurityWeek
December 2025Arteris acquired CycuitySemiconductor cybersecurity assurance specialistUndisclosedReportvia SecurityWeek
November 2025Aeris raised private equity fundingInvestor TA AssociatesUndisclosedReport
November 2025Armis raised fundingArmis provides cyber exposure management and security for connected devices and operational technology.Investor Goldman Sachs Growth Equity$435mReportvia Security, Funded
August 2025FORT Robotics raised a Series B roundInvestor Tiger Global Management$18.9mReportvia Security, Funded
July 2025Exein raised a Series C roundExein provides runtime cybersecurity for firmware and physical AI systems across connected devices.Investor Balderton Capital$81.3mReportvia Security, Funded
July 2025Axonius acquired CynerioSecures medical devices in healthcare environments$100mReportvia SecurityWeek
June 2025Backbone raised fundingInvestor Sparring Capital PartnersUndisclosedReportvia Security, Funded
May 2025SCI Semiconductor raised fundingInvestor Mercia Ventures$3.4mReportvia Security, Funded
May 2025Pixee raised a seed roundInvestors Decibel Partners and Wing Venture Capital$15mReportvia Security, Funded
May 2025Phosphorus Cybersecurity raised fundingInvestor Neva SGRUndisclosedReportvia Security, Funded
March 2025Nullify raised an angel roundInvestors a16z Scout Fund and Black Nova Venture Capital$155kReport
March 2025Riverside Research acquired Cog SystemsSecure virtualization and cryptographic solutions for mobile and IoT devicesUndisclosedReportvia SecurityWeek
January 2025Staris raised a seed roundInvestor Freestyle Capital$5.7mReportvia Security, Funded
January 2025Eclypsium raised debt fundingEclypsium provides continuous assurance of critical hardware, firmware, and software across enterprise infrastructure.UndisclosedReportvia Security, Funded
January 2025Eclypsium raised a Series C roundEclypsium provides continuous assurance of critical hardware, firmware, and software across enterprise infrastructure.Investor Andreessen Horowitz$45mReportvia Security, Funded
January 2025Enigma acquired DellferFirmware security company for automotive and IoT devicesUndisclosedReportvia SecurityWeek
January 2025Cadence acquired Secure-ICProvides embedded security IP, tools and evaluation services for chipsUndisclosedReportvia SecurityWeek
December 2024Axiado Corporation raised a Series C roundInvestor Maverick Silicon$60mReportvia Security, Funded
October 2024Armis raised a Series D roundArmis provides cyber exposure management and security for connected devices and operational technology.Investors General Catalyst and Alkeon Capital Management$200mReportvia Security, Funded
October 2024Owl Cyber Defense raised debt fundingInvestor Marathon Asset ManagementUndisclosedReportvia Security, Funded
September 2024Eclypsium raised fundingEclypsium provides continuous assurance of critical hardware, firmware, and software across enterprise infrastructure.$19.7mReportvia Security, Funded
September 2024Darkhive raised a Series A roundInvestor Ten Eleven Ventures$21mReportvia Security, Funded
July 2024Zymbit raised funding$2.7mReportvia Security, Funded
July 2024Exein raised a Series B roundExein provides runtime cybersecurity for firmware and physical AI systems across connected devices.Investor 33N Ventures$16.2mReport
May 2024qomodo raised a pre-seed roundInvestor Expeditions Fund$1.7mReportvia Security, Funded
March 2024BINARLY raised a seed roundInvestor Two Bear Capital$10.5mReportvia Security, Funded
March 2024Nullify raised a seed roundInvestors Two Sigma Ventures and Root Ventures$3.4mReportvia Security, Funded
March 2024Synopsys acquired Intrinsic IDSemiconductor IP portfolio company, including security IP for embedded devicesUndisclosedReportvia SecurityWeek
February 2024ExactTrak raised a seed roundInvestor UK Innovation & Science Seed Fund$1.3mReportvia Security, Funded
February 2024Device Authority raised a Series A roundInvestor Ten Eleven Ventures$9mReportvia Security, Funded
January 2024Bastille Networks Internet Security raised a Series C roundInvestor Goldman Sachs Asset Management’s (GSAM) Petershill Program$44mReportvia Security, Funded
January 2024Option3 acquired Onclave NetworksDelivers zero trust products for internet connected and industrial equipmentUndisclosedReportvia SecurityWeek
December 2023Phosphorus Cybersecurity raised a Series A roundInvestor Evolution Equity Partners$27mReportvia Security, Funded
December 2023Lynx Software Technologies acquired TimesysSupplies freely available code security and help for small devicesUndisclosedReportvia SecurityWeek
November 2023zeroRISC raised a seed roundInvestor Cambridge Angels Group$5mReportvia Security, Funded

Acquisitions come from SecurityWeek's monthly M&A round-ups from 2021 onwards, from Cybersecurity Ventures' quarterly M&A reports for 2020, and a few from Wikipedia lists. Funding rounds from 2022 onwards come from Return on Security's weekly Security, Funded newsletter. These are dated to the month. A few deals added from the news are dated to the day. Smaller deals may be missing. Each Report link goes to the announcement or story the source cites, and the via link to the round-up or newsletter issue. Amounts are in US dollars. The category is what the bought or funded company sells.