Acquired Electronics360

Industrial & Medical Technology

Samsung Leads Investment in Internet of Things Security Vendor Afero

24 May 2016

Afero has raised $20.3 million in funding in order to expand widespread adoption of its secure connectivity platform for the Internet of Things (IoT).

The funding was led by Samsung Catalyst Fund and joined by SoftBank Group, Fenox Venture Capital, Presidio Ventures, Sanshin Electronics Co. Ltd., Robert Dobkin and Assembly Partners.

Afero was created by veterans from Apple, Amazon, Danger and Nest. It already has partnerships with Murata, Infocom and Bandai Namco Studios in order to drive IoT innovation for the automotive, retail, manufacturing, consumer electronics, gaming, healthcare and office supply industry and more.

The Afero IoT platform can be used for both the home and the enterprise IoT market. It allows users to make something smart whether it is upgrading or modernizing a legacy product or creating something new. The platform also includes embedded security throughout the platform with built-in authentication to the cloud and back, Afero says.

To contact the author of this article, email engineering360editors@ihs.com

To contact the author of this article, email Peter.Brown@ieeeglobalspec.com


Powered by CR4, the Engineering Community

Discussion – 0 comments

By posting a comment you confirm that you have read and accept our Posting Rules and Terms of Use.
Engineering Newsletter Signup
Get the Engineering360
Stay up to date on:
Features the top stories, latest news, charts, insights and more on the end-to-end electronics value chain.
Advertisement
Weekly Newsletter
Get news, research, and analysis
on the Electronics industry in your
inbox every week - for FREE
Sign up for our FREE eNewsletter
Advertisement

CALENDAR OF EVENTS

Date Event Location
30 Nov-01 Dec 2017 Helsinki, Finland
23-27 Apr 2018 Oklahoma City, Oklahoma
18-22 Jun 2018 Honolulu, Hawaii
Find Free Electronics Datasheets
Advertisement