Perygee, an early-stage startup with ambitious plans in the enterprise IoT security space, has banked USD 4.75 million in new seed financing as investors continue to make bets on technology to secure devices outside the traditional corporate network.
The business, which has its corporate headquarters in Boston, claimed that Ballistic Ventures, which led the latest funding round, also received contributions from a number of well-known cybersecurity executives. Perygee has so far raised USD 6.35 million in capital.
The company is developing technology to assist mid-market organizations in managing and securing the infrastructure for elevators, security cameras, gate controls, and water sprinkler systems in modern buildings.
Read More: Perygee Scores Seed Funding to Tackle IoT Security
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