The startup Tempered Networks, which is razor-focused on providing security for the Internet of Things (IoT) area with its “identity-driven” networking technology, secured $10 million in a Series B funding round. The round was led by Rally Capital with participation from existing investors, including Ignition Venture Partners, IDG Ventures, and Fluid Capital.
With this latest round of funding, which closed this month, the company’s total amount of financing tops $32 million. Tempered plans to continue to focus on product differentiation, hiring, and growing its global sales and distribution channels.
Tempered also announced that Dennis Weibling, managing director at Rally Capital, has joined its board of directors.
Tempered’s Identity-defined Network (IDN) fabric works with the host identity protocol (HIP) to change the way IP networks operate by creating encrypted identity-based overlay networks that keep the network traffic secure between the IoT end points.
Earlier this year, Tempered released its IP security platform targeted at simplifying the way IoT endpoints are secured regardless of whether they are dedicated devices, or running on Windows, or in the cloud.
“Their technology is very unique because it not only allows people to do their networking tasks, but also achieve what has been previously impossible with current networking technologies—with fully integrated security,” said Weibling in a prepared statement.