Afero Raises $50 Million for Its Secure IoT Platform


The new investment came from Crosspoint Capital Partners. Home Depot also participated, but the terms of the transaction were not disclosed.

Founded in 2014, Afero aims to secure device connectivity from the manufacturing process to consumer use, offering a platform that supports all types of smart home devices and provides secure cloud communication with Afero’s services.

The company’s solution, which is offered under the Platform-as-a-Service (PaaS) business model, delivers hardened security, simplifies onboarding, and can also accommodate the needs of organizations looking to deploy complex IoT programs.