Test of Things Lands €1.2 Million in Pre-Seed Funding
Test of Things, a Finnish startup specializing in automating IoT security testing and compliance, has raised €1.2 million in a pre-seed funding round. The round was led by Vendep Capital, with participation from investors including Aapo Oksman, Zach Shelby, Neil Costigan, Ääkköset Oy, ScanABC, and Business Finland.
Automating IoT Security
Headquartered in Helsinki and Oulu, Test of Things aims to revolutionize how connected devices are secured by automating the testing and compliance processes. The company focuses on accelerating product development by ensuring IoT devices meet major security standards, thereby reducing the need for manual compliance checks.
Leadership and Vision
The company was founded by Marko Kaasila, who also serves as its CEO. Kaasila commented on the funding, stating: "This investment will enable us to enhance our platform and expand our team to meet the growing demand for IoT security solutions."
Lead Investor and Other Participants
Vendep Capital took the lead in this funding round, underscoring its confidence in Test of Things' innovative approach to IoT security. Other notable investors include industry figures like Aapo Oksman and Zach Shelby, as well as organizations such as Ääkköset Oy and ScanABC.
Strategic Use of Funds
The newly acquired funds are set to be utilized primarily for expanding the company's platform capabilities and increasing its workforce. This strategic move aims to better position Test of Things to cater to the rising demand for automated IoT security solutions.
The Road Ahead
With this injection of capital, Test of Things is well-positioned to advance its technology and scale its operations. As the IoT landscape continues to grow, the need for robust security measures becomes increasingly critical, and Test of Things is gearing up to meet these challenges head-on.