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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.

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