Sec Edge carves out Privafy Inc. IoT business and acquires Sequitur Labs Inc.
“Our team of industry veterans in cybersecurity and semiconductors is set to resolve one of the key threats to IoT market growth: the complexity of deploying chip-to-cloud security.”
Sami Nassar, Sec Edge President & co-CEO
Sec Edge, a digital security leader for IoT and Edge devices, announced today it has secured its series A funding round led by Raptor Group, a highly successful venture and private investment fund with a strong track record in technology, fintech, sports, consumer, media, entertainment, and healthcare.
Sec Edge was created as a spin-off of Privafy, Inc.’s IoT solutions business along with the acquisition of Sequitur Labs, Inc., a top ten IoT market player according to ABI Research.
The combination of Privafy’s industry-leading data-in-motion security solution with Sequitur’s award-winning EmSPARK Security Suite resolves critical issues in IoT deployments and provides a unique state-of-the-art digital security solution for Edge AI, Edge Compute, Edge Control, and on-demand cellular IoT data connectivity.
“Our team of industry veterans in cybersecurity and semiconductors is set to resolve one of the key threats to IoT market growth: the complexity of deploying chip-to-cloud security.”— Sami Nassar, Sec Edge President & co-CEO
“With billions of smart devices coming online in the next few years, chip-to-cloud security has tremendous potential,” said Rob Broggi, partner at Raptor Group. “Sec Edge is in a unique position to capitalize on the fast-growing IoT, Edge Compute, and Edge AI markets.”
“We’re excited to be moving forward with an excellent partner in Raptor Group, and combine our portfolio with Sequitur Labs,” said Sami Nassar, president & co-CEO of Sec Edge. “Our team of industry veterans in cybersecurity and semiconductors is set to resolve one of the key threats to IoT market growth: the complexity of deploying chip-to-cloud security.”
