The investment will be used to accelerate the rollout of FoundriesFactory.It, which enables businesses to better manage their maintenance and support costs. It provides secure boot firmware and customisable operating system software updates, as well as build and test infrastructure with the latest software and security updates included.
Security and execution are the top two concerns for leaders in the IoT industry with some 84 percent of organisations that have adopted IoT saying that they have experienced a security breach of their connected devices. Adding to those concerns is the cost of maintaining IoT devices, which is seen as a barrier to the adoption of IoT.
Securing IoT devices continues to dominate both businesses and government agendas and in the past year both the UK and Europe have increased the standards and regulations relating to securing IoT devices. These regulations will drive new requirements for security. Foundries.io builds end to end security features for every device, enabling secure fleet connections to the customer’s choice of industry leading cloud data and device management services.
FoundriesFactory provides a complete solution, from early software development through to provisioning and rollout of IoT devices, offering a reliable and customizable approach to product development and deployment.
Commenting George Grey, CEO Foundries.io, said: “Building today’s IoT & Edge devices requires more than just an OS - Foundries.io delivers a flexible software solution for development, testing, deployment and maintenance of IoT devices. Our commercial FoundriesFactory solution enables customers to customise and future proof their products using an innovative subscription-based lifetime model.
"There is no lock in, no access to our customers’ data, and no per unit costs. We have investors who share our vision on the impact we can deliver with a unifying software platform for the IoT market”
