Senrio’s IoT cybersecurity platform comes out of stealth with first round of funding
Picture credit: Senrio
Portland-based Internet of Things cybersecurity provider Senrio has officially emerged from stealth to launch a platform which provides defence in healthcare, critical infrastructure, and retail environments.
Stephen A. Ridley, CEO and founder of Senrio, is a veteran with regard to vulnerability research and reverse engineering in support of the U.S. Defense and Intelligence community. He then decided to use his experience towards the development of a holistic solution to deal with intrinsic vulnerabilities in networked embedded devices deployed in across life- and mission-critical environments. Senrio, an IoT cybersecurity platform for networked embedded devices (NEDs) aimed at enterprise applications, is the result of these efforts.
Ridley said: “We typically associate the term ‘Internet of Things’ with the consumer world, smart toasters and WiFi fridges; however, a large part of our life depends on networked embedded devices that have been around for decades. Think of smart meters, medical devices, and connected industrial controllers used for elevators, traffic lights, and factories.
“Adoption is driven by business rationale but the security exposure is often overlooked,” he added. “Based on my experience, there is not a single IoT device that cannot be compromised or misused by a determined attacker.”
Senrio closed its first round of financing led by Talis Capital, a London-based venture capital firm. The team at Senrio boasts personnel from MIT, Draper Labs, ManTech, Tektronix, and McAfee and they marry security research capabilities with product design expertise. The team has reverse-engineered several products and advised Fortune 500 companies on mobile security exploitation and protection. Clients include the largest seller of point of sale systems, makers of consumer devices, as well as well-known mobile device companies.
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