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10 Hot Startups That Raised VC Funding In May

Security and IoT companies were among those that hauled in venture capital rounds in May.

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IoTium

Headquarters: Santa Clara, Calif.

CEO: Ron Victor

Funding: $8.4 million, Series A

Investors: March Capital Partners and GE Ventures (led the round), OpenSource Ventures, Juniper Networks, former Cisco chief development officer Pankaj Patel

What it does: Offers industrial Internet of Things solutions aimed at securing network infrastructure for manufacturing operations.

 
 
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