Symantec invests in internet gadget protector Mocana

Mocana has raised a round of strategic funding from Symantec to protect the “Internet of things.” Mocana’s technology protects all of the tiny portable gadgets that are becoming Web-connected, from watches to home healthcare monitors.

The amount of the investment was not disclosed. Other investors include Southern Cross Ventures and Shasta Ventures. San Francisco-based Mocana plans to use the money to expand its product lines, increase marketing, and build its overseas business. Mocana and Symantec plan to partner on security for non-PC smart devices. The project is called Norton for Smart Devices.

At some point, Mocana believes that the Internet of things will be far bigger than the PC market as the Internet infiltrates just about everything we do — some estimates already put these devices as outnumbering PCs by 5 to 1. Securing these devices requires software that resides both on the device and in the web-connected cloud, or internet-connected data centers. It is difficult to do because small devices often don’t have the processing or memory horsepower to handle security tasks.

Some 130 manufacturers already license Mocana’s solutions, including Panasonic, Cisco, Honeywell and General Electric. The technology is relevant, considering a British professor recently demonstrated he could infect small devices with a computer virus by implanting a wireless chip in his skin.

Mocana was founded in 2004 and has 40 employees. Total funding hasn’t been disclosed, but it had a $7 million round in 2008.

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  1. [...] The deal being announced today shows that providing security for smart devices is the next frontier for security. As hackers look for new worlds to conquer, the $900 billion smart device market is a pretty juicy target. Mocana now has the distinction of having an investment from Intel, which bought security firm McAfee, as well as its arch rival Symantec. [...]

  2. [...] The deal being announced today shows that providing security for smart devices is the next frontier for security. As hackers look for new worlds to conquer, the $900 billion smart device market is a pretty juicy target. Mocana now has the distinction of having an investment from Intel, which bought security firm McAfee, as well as its arch rival Symantec. [...]

  3. [...] 今天宣布,该协议表明,提供智能设备的安全性是安全的下一个前沿领域。由于黑客征服新的世界,$ 900亿美元的智能设备市场是一个相当多汁的目标。Mocana现在已经有来自英特尔,收购安全公司McAfee,以及其投资的区别劲敌赛门铁克 。 [...]