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.

6acquisitions
14funding rounds
$7.8bnpaid in the 2 acquisitions with a disclosed price
$704.5mraised in the 9 rounds with a disclosed size
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Showing 1 to 20 of 20

DateDealAmountSource
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

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.