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The funding, which brings the total raised by the firm to $21 million, came from OurCrowd, HIVE2040 (by Avnon Group), Atlantica Group, and AWZ Ventures. The money will be used by the company to expand and improve its solutions.
NanoLock Security has also announced expanding its executive team and the acquisition of two new patents.
NanoLock’s technology is embedded into devices during manufacturing or assembly, and it’s designed to provide protection against a wide range of threats, including insiders, external threat actors, and supply chain attacks.