When SecuriThings was launched in 2016 by Roy Dagan, CEO, and Raanan Lidji, CTO, the company had a primary focus on IoT cybersecurity, but quickly came to the conclusion that the challenges its customers were facing were significantly broader in scope.
“Many of our customers — large corporations, tech companies, airports, universities campuses, etc. — have a multitude of connected devices, sometimes thousands, tens of thousands and more,” Dagan said. “These devices are running on various networks with no way to manage them in a unified way. This can include cameras to access control to building management systems and more. To make matters more complicated, the devices often come from different vendors, different models, different firmware versions, and integrate with a number of third-party systems.”
Managing the stack of these IoT devices in an organization is extremely challenging and a liability. Operations teams are under immense pressure to ensure that each individual device is running properly, secure and up to date with the latest firmware and software. This puts organizations and their operations at risk, and drives up maintenance costs.
“That’s why we eventually expanded the platform to address the operations side of IoT,” Dagan said. “And it was relatively simple for us given the cybersecurity foundation we had put in place.”
The IT space is comprised of many categories from automation to orchestration, observability, cybersecurity, compliance and more. Each of these categories has many systems and many vendors. That’s where SecuriThings comes in.
“We’re essentially taking all these categories, pulling them together and delivering a solution tailored for IoT teams,” Dagan said. “That’s IoTOps. We view this as an emerging practice that will encompass every operational team responsible for the deployment, availability and security of IoT devices.”
SecuriThings Horizon, the company’s flagship product, uses advanced analytics to collect and normalize data from multiple IoT environments like management systems, edge devices, infrastructure and components. Once the data is identified, SecuriThings applies advanced AI capabilities to create a unique profile for each system entity. From there, any deviations are analyzed to predict failures, pinpoint issues, identify cyber threats and recommend possible solutions.
SecuriThings provides value “out-of-the-box” on the very first day of deployment. The system also automates tasks like firmware upgrades, password rotations, device restarts and more that used to be done manually.
“Our customers use Horizon to eliminate blind spots by proactively identifying and investigating device issues in real-time or before they actually occur,” Dagan said.
Horizon also enables integrating with multiple third-party systems used by organizations, whether these are cyber, operational or service systems.
“We are a global company with customers located around the world,” Dagan said. “We’ve also established partnerships with world leading global system integrators, device management systems and edge device vendors including Microsoft, Convergint Technologies, Johnson Controls and many others.”
SecuriThings is different from its competitors in two ways, according to the company: No other solution currently available in the marketplace can provide both security and operations efficiencies or has the same level of technology built into their solution; and the company has a unique channel strategy.
“Companies can use our technology to address their device security and operations management and we believe no other solution can match it,” Dagan said. “The majority of our business is through the channel, and we always believed this would be the right strategy for us. That’s why we started having conversations with potential partners early on, and why we were determined to create a channel-first culture. For us, the channel is a force multiplier. We are both partners in the trenches.”
SecuriThings recently raised a $14 million round of Series A funding, which brings the company up to a total of $18 million in funding. Dagan says this growth can be attributed to the pandemic and the heightened need for IoT departments to work remotely, reduce manual labor by working more efficiently and relying on automation
“Against this backdrop, companies increasingly see the business necessity of the automation and related capabilities that SecuriThings brings to the IoT space,” Dagan said.
The company currently has 30 employees, and plans to double that number by the end of the year. Additionally, the company is in the process of adding investigation capabilities with visualization of alerts and data, adding support for more types of devices and out-of-the-box integrations with third-party systems.
“I’m very pleased to say our growth is on a steady upwards trajectory,” Dagan said.
To learn more about SecuriThings, visit its website.