Veridify Security

Background

Founded in 2004, Veridify Security, formerly known as SecureRF, specializes in providing device-level cybersecurity solutions tailored for Building Automation, Operational Technology (OT), and Industrial Internet of Things (IIoT) applications. The company's mission is to deliver real-time protection that prevents cyberattacks before they occur, emphasizing the importance of securing low-resource embedded computing and wireless devices. Veridify's significance in the industry is underscored by its commitment to quantum-resistant security protocols, ensuring future-proof cyber protection for its clients.

Key Strategic Focus

Veridify's strategic objectives center on delivering scalable, low-cost, and easy-to-implement security platforms that provide real-time authentication and data protection at the edge of a building's network. The company's DOME™ (Device Ownership Management and Enrollment) platform exemplifies this focus by offering a zero-touch onboarding and ownership management solution for IoT devices without necessitating a pervasive cloud or network connection. Veridify targets markets such as building automation, industrial control systems, automotive, and smart grid sectors, addressing the growing need for robust cybersecurity in these domains.

Financials and Funding

As of February 2025, Veridify Security has raised a total of $6.6 million in funding over multiple rounds. The most recent funding round occurred on August 4, 2023, amounting to $2.5 million. Notable investors include Gal Ventures, MI Ventures, and the United States Air Force. The capital raised is intended to enhance product development, expand market reach, and strengthen the company's position in the cybersecurity landscape.

Technological Platform and Innovation

Veridify distinguishes itself through its proprietary technologies and innovative approaches to cybersecurity:

• DOME™ Platform: A SaaS solution that provides real-time protection for building automation and industrial control systems, implementing a NIST-compliant zero-trust framework to stop cyberattacks before they happen.

• Quantum-Resistant Cryptography: The company offers quantum-resistant public-key security tools designed for low-resource processors, ensuring long-term protection against evolving cyber threats.

• Secure Boot and Firmware Updates: Veridify's solutions include secure boot and secure firmware update capabilities, essential for maintaining the integrity and security of connected devices.

Leadership Team

Veridify's leadership comprises experienced professionals with diverse backgrounds:

• Louis Parks: Co-founder, Chairman, and CEO. Prior to Veridify, he served as Senior Vice President of Marketing and Strategy for Global Logistics Technology, Inc., and was CEO/President of Client Technologies, Inc. He also held positions at RKO/Warner Video and IBM.

• Derek Atkins: Chief Technology Officer. Specializes in network and systems security applications, with previous roles at Mocana Corporation, Symantec, and Sun Microsystems. He holds degrees from the Massachusetts Institute of Technology.

• Dr. Iris Anshel: Chief Scientist. A co-founder of Veridify, she has an extensive background in cryptography and mathematics, contributing significantly to the company's technological innovations.

Competitor Profile

Market Insights and Dynamics: The cybersecurity market for IoT and OT devices is experiencing rapid growth due to increasing connectivity and the associated risks of cyberattacks. Organizations are prioritizing the implementation of robust security measures to protect critical infrastructure and sensitive data.

Competitor Analysis: Veridify Security operates in a competitive landscape with several notable companies:

• Ockam: Provides a platform for secure IoT development, focusing on building trustful communication between devices.

• Edgeless Systems: Develops platforms for secure data storage, analysis, and sharing, emphasizing confidential computing.

• Mocana: Offers a cybersecurity platform that protects industrial control systems and IoT devices, with a focus on device integrity.

• Crypto Quantique: Delivers quantum-driven IoT and cybersecurity platforms, integrating quantum physics and cryptography for enhanced security.

These competitors focus on various aspects of IoT and OT security, highlighting the diverse approaches within the industry.

Strategic Collaborations and Partnerships

Veridify has established significant partnerships to enhance its market position and innovation capacity:

• Happiest Minds Technologies: A global systems integrator partner supporting the delivery and implementation of Veridify's security tools and DOME platform, focusing on IoT, industrial, automotive, and building automation applications.

• Jackson Control: A building technologies distributor and systems integrator, expanding Veridify's reach into the building automation market with the DOME cybersecurity solution.

• KMC Controls: An American manufacturer of building automation solutions, partnering with Veridify to integrate the DOME platform into their product offerings, enhancing cybersecurity for smart buildings.

• Controls Depot: A Canadian building technologies distributor and Master Systems Integrator, offering Veridify's DOME cybersecurity solution to the Canadian building automation market.

Operational Insights

Veridify's strategic partnerships and focus on quantum-resistant security solutions position the company as a leader in device-level cybersecurity for building.