Internet of Things Startup Raises $3.1 million – Crain’s Article

Xaptum, founded by a UIC bioengineer, is tackling security for smartphones, sensors and other devices.

Rohit Pasam has been working on a way to make the internet of things safer, and he’s got another $3.1 million to do it.

His startup, Xaptum, has built a secure cloud that would keep devices, such as sensors and smartphones, from being hacked or being used to break into the closed networks to which they’re connected via the internet. VCapital, a venture fund operated by Len Batterson, led the round. Other investors include Illinois Ventures, as well as Purple Arch Ventures, Loud Capital, Hyde Park Angels and former U.S. Robotics executives Casey Cowell and Michael Seedman

Click here to view the full article by John Pletz in Crain’s