The Finnish startup is building an AI-powered platform to replace manual compliance processes as IoT security demands grow.
Finnish IoT cybersecurity company Test of Things has raised €1.2 million in Pre-Seed funding.
When a company builds a connected device — whether it’s a smart lock, a hospital monitor, or a piece of factory equipment — it has to make sure that device is secure before selling it.
However, cybersecurity testing and compliance documentation are largely manual work performed by highly skilled experts, and thus very expensive. And it doesn’t scale when today’s market is flooded with connected products.
“Cybersecurity of products is in everyone’s interest,” says Marko Kaasila, CEO and co-founder of Test of Things.
“But the current way of assuring it — manual, not systematic, and expensive — is unsustainable.”
Every insecure device that makes it to market is a potential door left unlocked for cyber criminals to exploit— hack your personal data, the operational systems of the factory, or the controls within an office building, even threatening essential critical infrastructure such as the electricity grid.
Test of Things is building a platform that automates cybersecurity compliance testing end-to-end. Instead of a team of cybersecurity experts spending weeks manually combing through a device’s security, their AI-powered software handles the heavy lifting — running tests continuously, flagging issues early, and generating the compliance documentation that regulators increasingly require.
For device manufacturers, this means getting secure products to market faster. For the rest of us, it means the things we invite into our homes and workplaces are a little less likely to be someone else’s backdoor.
According to Rauli Kaksonen, CTO and co-founder:
“This investment will let us focus on building the product further and start helping manufacturers to achieve their customers’ and authorities’ trust with secure products.”
The €1.2 million round was led by
, with backing from industry veterans: Aapo Oksman, Zach Shelby, Neil Costigan, along with ScanABC and Business Finland innovation.
According to Sami Ahvenniemi, Partner at Vendep Capital, the market for IoT and OT security and compliance testing is entering a high-growth phase driven by two converging megatrends:
“Firstly, the increasing integration of industrial control systems, IIoT and OT networks into enterprise IT and cloud ecosystems; and secondly, the rising regulatory and operational risk environment around critical infrastructure, manufacturing, energy and utilities.
When two successful entrepreneurs with 100 per cent relevant experience put their heads together to build a testing platform, we wanted to jump in right from the start!”
The fresh capital will go toward growing the engineering team and accelerating platform development—so that the next generation of connected devices can be shipped with a little more peace of mind.