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Today: November 6, 2024
August 21, 2024
1 min read

Emerson Ventures Backs Symmera in Recent Investment Deal


TLDR:

  • Emerson Ventures has made a strategic investment in Symmera, a company focusing on device authentication and data protection.
  • Symmera’s Distributed Intelligent Network Orchestration Platform offers secure device management compatible with industrial protocols and built on a zero-trust architecture.

Emerson, a global technology and software company, announced a strategic investment in Symmera, an early-stage company that simplifies device authentication and data protection. The investment was made through Emerson Ventures, with co-investment from Boulder Ventures. Symmera’s innovative Distributed Intelligent Network Orchestration Platform is scalable, highly available, and secure, offering the next generation of digital security in connected devices. This platform is vendor agnostic, compatible with industrial protocols, and built on a zero-trust architecture.

The platform aims to help customers manage the lifecycle and security of devices while enabling trusted data streams to accelerate artificial intelligence, machine learning, and advanced analytics. Combining zero-trust architecture with automated key and certificate lifecycle management, Symmera’s platform will help protect automation systems against emerging cyber threats and enhance security and operational efficiency. Emerson’s investment aligns closely with its initiatives surrounding secure field communications and device lifecycle management.

Srinivas Kumar, the CEO and co-founder of Symmera, stated that the company is uniquely positioned to deliver secure IoT/IIoT solutions by leveraging quantum-proof cryptography and streamlined device management. The partnership with Emerson will help Symmera enhance its device authentication and protection capabilities in the ever-evolving digital landscape.

Overall, the investment from Emerson Ventures in Symmera highlights the importance of secure device management and data protection in the digital age. The collaboration between the two companies is expected to drive innovations in the field of connected devices and industrial security.


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