XIoT Cybersecurity Provider qomodo Raises $1.6M to Fill Industry Security Gaps, Broaden Outreach in Europe and the U.S.

Let’s talk about qomodo.

Let’s simplify the long-story-short version of the company’s M.O. first: qomodo providers embedded security and compliance solutions for what’s known in the industry as the Extended Internet of Things, or XIoT. By taking a network-based approach to secure XIoT attack surfaces, businesses can prioritize their speed-to-market strategies.

Additional details-wise, qomodo’s leadership team has a collective three decades of XIoT cybersecurity experience and has collaborated with key institutions (e.g. NATO, BAE Systems) to enhance national cyber defense and critical infrastructure across many sectors. Distinguished by its development of flexible architecture-agnostic software agents designed to adapt to variable XIoT devices, qomodo harnesses intelligence-led insights to deliver high-fidelity threat detection and response capabilities. (Not to mention its machine learning algorithms, alerts enriched with deep contextual understanding, streamlined automation, etc.) Covering device manufacturers, automotive and semiconductor developers, industrial control systems and smart healthcare systems, qomodo’s comprehensive XIoT protections are gaining more and more traction as technologies continue to evolve.

And in recent qomodo-centric news, the company made an announcement earlier this morning:

Having successfully raised $1.6 million in a pre-seed funding round, qomodo is equipping itself further to stabilize cybersecurity integrations and fill security gaps across XIoT.

Notably, this funding round was led by Expeditions Fund with additional participation from Amadeus Capital Partners, Auriga Cyber Ventures, Nio Advisors, McNally Capital, Ventures Together and Techstars, a previous investor.

“The acceleration in the adoption of IoT devices, coupled with insufficient security measures, is creating huge risk,” stated Toby Wilmington, qomodo’s CEO. “There has been a 400% increase in malware targeting IoT and attacks are costing the UK alone £1 billion a year. Our intelligence-led approach and robust, resource-efficient software agents are essential weapons in ensuring the security and resilience of IoT ecosystems against the backdrop of international cyber warfare.”

According to the official news release, the capital raised in this round will also “enable qomodo to further enhance its platform-agnostic software agents and support the company’s outreach in Europe and the U.S.” This is smart, as enabling direct engagement with customers and helping to refine where its solutions fit across markets is a solid move.

On a closing note, we typically cover a ton of cybersecurity-related news over on MSP Today and Cloud Computing, two sister sites of ours. (Read nearly anything from fellow writer and editor Greg Tavarez, and you’ll get a wealth of information in this vein.) However, security should never be overlooked in IoT and qomodo seems to know this well.