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.
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Deals
Showing 1 to 33 of 33
| Date | Deal | Amount | Source |
|---|---|---|---|
| July 2026 | Qualcomm acquired SAM Seamless NetworkIsraeli startup making network security software for IoT devices | Undisclosed | Report on Qualcomm buying SAM Seamless Network, July 2026 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| May 2026 | Dragos acquired PhosphorusSpecialises in xIoT security for connected devices in critical infrastructure | Undisclosed | Report on Dragos buying Phosphorus, May 2026 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| December 2025 | ServiceNow acquired ArmisArmis provides cyber exposure management and security for connected devices and operational technology. | $7.8bn | Report on ServiceNow buying Armis, December 2025 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| December 2025 | Arteris acquired CycuitySemiconductor cybersecurity assurance specialist | Undisclosed | Report on Arteris buying Cycuity, December 2025 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| July 2025 | Axonius acquired CynerioSecures medical devices in healthcare environments | $100m | Report on Axonius buying Cynerio, July 2025 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| March 2025 | Riverside Research acquired Cog SystemsSecure virtualization and cryptographic solutions for mobile and IoT devices | Undisclosed | Report on Riverside Research buying Cog Systems, March 2025 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| January 2025 | Enigma acquired DellferFirmware security company for automotive and IoT devices | Undisclosed | Report on Enigma buying Dellfer, January 2025 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| January 2025 | Cadence acquired Secure-ICProvides embedded security IP, tools and evaluation services for chips | Undisclosed | Report on Cadence buying Secure-IC, January 2025 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| March 2024 | Synopsys acquired Intrinsic IDSemiconductor IP portfolio company, including security IP for embedded devices | Undisclosed | Report on Synopsys buying Intrinsic ID, March 2024 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| January 2024 | Option3 acquired Onclave NetworksDelivers zero trust products for internet connected and industrial equipment | Undisclosed | Report on Option3 buying Onclave Networks, January 2024 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| December 2023 | Lynx Software Technologies acquired TimesysSupplies freely available code security and help for small devices | Undisclosed | Report on Lynx Software Technologies buying Timesys, December 2023 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| May 2023 | SGT Capital acquired ElatecMakes secure access readers and cloud platform for physical and digital identity | Undisclosed | Report on SGT Capital buying Elatec, May 2023 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| March 2023 | DEKRA acquired Onward SecurityCybersecurity testing and certification for IoT, automotive and industrial devices | Undisclosed | Report on DEKRA buying Onward Security, March 2023 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| November 2022 | Secure-IC acquired Silex InsightProvides embedded cybersecurity solutions for connected devices | Undisclosed | Report on Secure-IC buying Silex Insight, November 2022 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| November 2022 | Codasip acquired Cerberus Security LabsIoT security firm providing technology and experts for secure RISC-V processor designs | Undisclosed | Report on Codasip buying Cerberus Security Labs, November 2022 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| June 2022 | Netskope, Inc acquired WootCloudProvides a smart device security platform for enterprise IoT devices | Undisclosed | Report on Netskope, Inc buying WootCloud, June 2022 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| June 2022 | lowRISC acquired NewAE TechnologyEmbedded security solutions provider based in Canada | Undisclosed | Report on lowRISC buying NewAE Technology, June 2022 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| June 2022 | Comcast acquired LevlA young company working on gadget tracking that guards safety and personal data | $50m | Report on Comcast buying Levl, June 2022 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| February 2022 | Forescout Technologies acquired CyberMDXHealthcare cybersecurity firm protecting connected medical and IoT devices | Undisclosed | Report on Forescout Technologies buying CyberMDX, February 2022 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| January 2022 | DigiCert acquired Mocana | Undisclosed | Report on DigiCert buying Mocana, January 2022 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| December 2021 | Claroty acquired MedigateHealthcare IoT security company | $400m | Report on Claroty buying Medigate, December 2021 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| October 2021 | Clavister acquired Omen TechnologiesCreates smart security tools for connected industrial devices | $1.8m | Report on Clavister buying Omen Technologies, October 2021 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| September 2021 | JFrog acquired UpswiftRuns a system for overseeing gadgets linked to the internet | Undisclosed | Report on JFrog buying Upswift, September 2021 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| July 2021 | View, Inc acquired IoTiumRuns secure cloud-based networks linking everyday devices | Undisclosed | Report on View, Inc buying IoTium, July 2021 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| June 2021 | Microsoft acquired ReFirm LabsHelps businesses find and fix weak links in firmware | Undisclosed | Report on Microsoft buying ReFirm Labs, June 2021 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| June 2021 | JFrog acquired Vdoo Connected TrustIoT security company helping deliver software security across releases | $300m | Report on JFrog buying Vdoo Connected Trust, June 2021 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| March 2021 | Relay Medical Corp acquired Cybeats TechnologiesIoT cybersecurity firm helping make connected devices more secure | $7.2m | Report on Relay Medical Corp buying Cybeats Technologies, March 2021 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| February 2021 | Akamai Technologies acquired InverseHelps organisations identify IoT, mobile and other device types | Undisclosed | Report on Akamai Technologies buying Inverse, February 2021 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| June 2020 | Siemens acquired UltraSoC TechnologiesProvides instrumentation and analytics putting monitoring, cybersecurity and safety into system-on-chip hardware | Undisclosed | Report on Siemens buying UltraSoC Technologies, June 2020 (opens in a new tab)via Cybersecurity Ventures (opens in a new tab) |
| June 2020 | Microsoft acquired CyberXAn IoT security company based in Waltham, Massachusetts | Undisclosed | Report on Microsoft buying CyberX, June 2020 (opens in a new tab)via Cybersecurity Ventures (opens in a new tab) |
| April 2020 | Cisco acquired Fluidmesh NetworksWireless backhaul systems for industrial IoT and transit assets | Undisclosed | Report on Cisco buying Fluidmesh Networks, April 2020 (opens in a new tab)via Cybersecurity Ventures (opens in a new tab) |
| January 2020 | Wind River acquired Star LabFirm protecting built-in computer systems with tools against interference | Undisclosed | Report on Wind River buying Star Lab, January 2020 (opens in a new tab)via Cybersecurity Ventures (opens in a new tab) |
| January 2020 | Insight Partners acquired ArmisArmis provides cyber exposure management and security for connected devices and operational technology. | $1.1bn | Report on Insight Partners buying Armis, January 2020 (opens in a new tab)via Cybersecurity Ventures (opens in a new tab) |
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.