Krimmeni Technologies Gets $11.7M To Expand in Austin

Krimmeni Technologies, a developer of cyber security software aimed at securing the "Internet of Things", said this morning that it has raised $11.7M in a Series A funding round. The funding specifically will go to expand the company's R&D group in Austin, along with sales and marketing. The funding came from Third Point Ventures and Pelion Venture Partners. Krimmeni is developing secure communications tools aimed at cloud-based data centers and the Internet of Things (IoT) market. The company did not say how many people it intends to add at its Austin R&D group. More information »