Infiot, a startup developing an access platform for internet of things devices, today emerged from stealth with $15 million. The company says it’ll put the financing toward product R&D and accelerating its go-to-market efforts.
The market for mobile device management (MDM) — the combination of apps, corporate policies, and certificates that make it easier to keep tabs on end-user devices — is expanding. By some analysts’ estimates, MDM companies will rake in $15.7 million in revenue by the year 2025. That’s not surprising given roughly 59% of organizations have bring-your-own-device plans. But barriers to adoption remain, with 39% of companies telling Crowd Research in a recent survey they’ve yet to overcome security challenges associated with MDM.
Parag Thakore, who’s held product management jobs at VMware and Cisco, cofounded Infiot with chief architect Sunil Mukundan and CTO Anupam Rai to solve some of the major challenges around MDM. The trio most recently worked together at Velocloud, which was acquired by VMware at the end of 2017 for $550 million.
Thakore describes Infiot’s platform as “a cloud-delivered intelligent thin wireless edge” enabling zero trust security and edge computing for remote users, sites, and devices across wired and wireless connections. (Zero trust security means Infiot doesn’t trust any user by default from inside or outside the network and requires verification from anyone attempting to gain access to resources on the network.)
Infiot leverages distributed processing and AI to deliver real-time decisions, ostensibly improving availability while enabling superior data governance. Meanwhile, Thakore claims the company’s cloud-native software-as-a-service architecture — a combination of device fleets and gateways built with C++, Go, and TypeScript. — delivers greater scale and operational simplicity than competing solutions. For instance, Infiot’s continuous integration system builds and runs unit tests automatically while its continuous delivery system deploys or rollbacks releases automatically.
An early Infiot adopter — Christus Health, a Catholic nonprofit system made up of 600 community hospitals and walk-in clinics with over 15,000 physicians — says that it’s using Infiot’s product to help medical workers deliver care from their homes during the pandemic. “Looking ahead, Infiot’s thin, extensible wireless edge can be expanded to our medical internet of things deployments,” Christus Health senior enterprise network engineer Rick Lacy said. “As we continue to transform our patient care experience, we are excited to partner with Infiot.”
According to Thakore, Infiot has contracts with some of the world’s largest organizations in manufacturing, healthcare, education, hospitality, retail, and leading managed service providers.
“Perimeterless compute and zero trust security are key for enterprises to support all remote users and internet of things devices. Infiot is leading the charge to democratize the edge and provide immersive experiences for digital businesses,” Thakore told VentureBeat via email. “Our growing base of some of the world’s largest customers and leading managed service provider partners is a testament to our mission.”
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