The 10 Coolest IoT Security Companies: The 2022 Internet Of Things 50

As part of CRN’s 2022 Internet of Things 50 list, here’s a look at the tools and vendors leading the way in IoT security.

Securing Smart Devices

Surging demand for enhanced privacy and increased government efforts to restrict the amount of data collected by IoT devices in the financial services, retail and healthcare industries is expected to drive increased investment in IoT security. Safeguarding the future of internet-connected devices and giving customers the choice to opt-out of data collection are the main reasons people are investing in the area.

The implementation of internet-connected devices in areas such as health monitors, smart home appliances, smart city projects, and smart retail is rising exponentially, which is turn has created the need for additional IoT security. Integrating firewalls and/or data loss prevention with an IoT security offering strengthens an organization’s posture when squaring off against cyber threats.

The global IoT security market is expected to grow at a compound annual growth rate (CAGR) of 29.7 percent and reach $9.88 billion by 2025, according to Grand View Research. North America is expected to remain the largest region for IoT security through 2025, while Asia-pacific is expected to witness the highest IoT security growth rate over the next few years.

As part of CRN’s 2022 Internet of Things 50 list, here’s a look at the tools and vendors leading the way in IoT security.


Yevgeny Dibrov, CEO

Armis in September partnered with Gigamon to ensure that managed, unmanaged and IoT devices are secured across cloud environments as enterprise threats proliferate. Two months later, the company closed a $300 million funding round on a $3.4 billion valuation to accelerate platform development, fund go-to-market initiatives and support future acquisitions.


Yaniv Vardi, CEO

Claroty in December purchased security startup Medigate and closed a $400 million funding round to broaden its vertical and geographic reach. The Medigate deal will allow Claroty to expand its capabilities beyond the industrial and manufacturing spaces and offer protection to hospitals and life sciences firms covering both industrial systems and medical devices.


John Merrill, CEO

DigiCert in January acquired Mocana to provide manufacturers and operators with a comprehensive platform for managing security across the full IoT device lifecycle. The deal provides customers with a means to manage device identity, secure connections, prevent device tampering, and update firmware and settings remotely and securely once in the field.

Finite State

Matt Wyckhouse, CEO

Finite State in November released an automated risk scoring capability for IoT to categorize a device’s security profile and provide tangible evidence of a security program’s effectiveness. The company in December released a search function that allows users to gain full visibility into their embedded devices and identify whether a known vulnerability is present.


Wael Mohamed, CEO

Forescout in February purchased early-stage healthcare security vendor CyberMDX in a push to become the global leader in safeguarding Internet of Medical Things (IoMT) devices. The deal provides Forescout with comprehensive visibility into medical devices far more quickly that if the company attempted to build the capability on its own.

Karamba Security

Ami Dotan, CEO

Karamba Security partnered with Samsung SDS in June to extend the scope of Samsung’s cybersecurity offerings to include protection of IoT devices against cyberattacks throughout the device lifecycle. The company partnered with Winbond in December to give clients end to end runtime integrity protection for critical applications such as over-the-air updates.

SAM Seamless Network

Sivan Rauscher, CEO

SAM in June partnered with Monogoto to deliver a secured virtualized 5G mobile connectivity platform the addresses the security concerns and opportunities the 5G transition has raised. The company in February closed a $20 million Series B funding round led by Ericsson Ventures to expand its security to cover 5G-connected devices across networks.

Sequitur Labs

Philip Attfield, CEO

Sequitur Labs’ EmPOWER service debuted in June to securely monitor, manage and update IoT devices to address technical, IP, supply chain and business challenges faced by developers and manufacturers. The company partnered with Variscite in September to help customers develop and release secure IoT products quickly and at low risk.


Udi Solomon, CEO

Shield-IoT in November closed a $7.4 million Series A funding to address the escalating proliferation of IoT cyber threats to devices, data, critical services and infrastructure. With Shield-IoT, service providers and IoT brands can monitor and secure their IoT and IIoT networks, reduce operational costs, and generate new revenue streams with value-added services.


Bud Broomhead, CEO

The Viakoo Action Platform debuted in October to deliver remediation and repatriation of IoT devices, enabling them to join or rejoin as a full citizen with an audit trail for governance and compliance. The platform automatically discovers, monitors, and updates device firmware, passwords, and network certificates for unlimited devices across an enterprise.