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Aurora-Based Cybeats Announces $3M Investment for Cybersecurity and Lifecycle Management for IoT Devices

CybeatsTORONTO–Cybeats, a rapidly growing cybersecurity company protecting Internet of Things (IoT) devices, today announced it has raised $3 million to expand the team in Toronto and abroad.

The round was led by early-stage venture capital fund Ripple Ventures, with investment from real estate technology venture capital fund GreenSoil Building Innovation Fund, and participation from MaRS IAF, MLA48, ScaleX and inovia capital. The funding will be used to expand sales, research and development, and Cybeats’ enterprise capabilities with a focus on smart buildings, medical devices and critical infrastructure. As part of the financing, Cybeats welcomes to its board Matt Cohen, Founder and Managing Partner, Ripple Ventures and Susan McArthur, Managing Partner, GreenSoil Building Innovation Fund.

Full Article: businesswire.com

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