The decentralised IoT security platform developer has raised series A funding from investors including General Electric's GE Ventures unit.
Xage Security, a US-based developer decentralised security software for the internet of things (IoT), has secured $12m in series A funding from investors including power and industrial technology producer General Electric.
The corporate, which participated through its GE Ventures unit, was joined by venture capital firm March Capital Partners, which led the round, City Light Capital and NexStar Partners.
Xage has created a blockchain-based platform that secures IoT systems by spreading authentication and private data across a network of different…
