Xertified announced raising SEK 10M from Karolina Ventures, Almi invest and angel investors from Sweden.

Xertified, a Stockholm, Sweden developer of security IoT solutions, announced that it completed a funding round of SEK 10M ($1.1M)

The money was raised from invstors from Sweden, including Karolina Ventures, Almi Invest and angels Markus Küchler and Martin Lundstedt.

Proceeds will be used to accelerate the business and product development as the company works for launching its next hardware platform to follow the XoT-S1 that is now under final testing

Xertified, founded in 2019 by CEO Martin Eriksson, builds its own products, both hardware and software, for providing security solution. The products are marketed under the XoT technology brand, sold both directly and under a license model.