Ockam Raises $4.9 Million in Funding to Enable IoT Developers
Ockam is a Bay Area company that builds tools to enable developers to “develop trustful IoT systems with…easy to use tools, methods, and protocols.” The company announced it has raised $4.9 million in seed funding to continue its efforts to aid developers build secure, scalable IoT systems.
“Today we are excited to announce a major milestone in the evolution of Ockam. We closed $4.9 million in seed funding from a group of world class investors: Future Ventures, Core Venture Group, Okta Ventures, and SGH Capital. These additional resources will accelerate our mission: to enable the builders who are ushering in our shared vision of a seamless connected world.
“Since inception we have forged our vision for a seamless connected world into a suite of products that democratize secure IoT development. As Ockam CTO Mrinal Wadhwa states in his often cited lecture on building autonomous systems, ‘for far too long, it’s been exceptionally difficult and expensive to build secure connected device systems.’ These additional capital resources allow us to increase the pace at which we roll out new functionality to the Ockam system, and extend the depth to which we can help builders of IoT systems tackle their complex challenges.
“The next few months will be focused on extending our Team capabilities with the most passionate builders who want to join us in our mission to tackle big problems in IoT. To learn more about our plans to scale, please check out our Team page.”
With backers like Okta Ventures willing to invest in Ockam’s business, it’s a safe bet the young company has a bright future helping developers secure and scale IoT systems.
