NanoLock Security, based at Nitzanei Oz, has embarked on an ambitious growth trajectory including a new Series B funding round, the acquisition of two new industry patents, and strategic partnerships and deployments around the world, the company announced Wednesday.
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NanoLock has raised $11 million from new investors OurCrowd, HIVE2040 (by Avnon Group), and Atlantica Group as well as current investors AWZ Ventures, a private investment group that includes former Canadian Prime Minister Stephen Harper. This investment round will aid NanoLock in accelerating their global developments of device-level cybersecurity solutions and further the company's penetration into utilities, industrial, and critical infrastructure markets.
"We are dramatically expanding our footprint with deployments, partners, technology patents, and now we have added executives with impressive reputations in cybersecurity and utilities as well as market-specific knowledge that will complement our growth and expansion and allow us to accelerate deployments," said NanoLock co-founder and CEO Eran Fine.
To secure the value of their solution, NanoLock has acquired an additional new patent with the United States Patent and Trademark Office. The Access Control for Integrated Circuit Devices patent covers a security system for devices that physically locks the hardware memory by preventing overwrite, modification, manipulation, or erasure of data stored in the memory.
