Investment company PwC Holdings Germany has acquired a minority stake in cyber security services firm ONEKEY, headquartered in Duesseldorf, together with eCAPITAL, to finance growth.
ONEKEY provides a security and compliance platform that simplifies and accelerates the review and management of product security, for manufacturers, telcos, and automakers, for instance.
ONEKEY automatically checks and identifies critical security vulnerabilities in embedded software, especially in Internet of Things devices, and monitors and manages them throughout the entire product development cycle.
The platform is available online worldwide. Jan Wendenburg, CEO of ONEKEY, said: "We will use the additional funding to help manufacturers worldwide achieve product cyber security and compliance easier, faster and with less effort."
Matthias Odrobina, managing director of PwC Holdings Germany, added: "The investment is the first in our portfolio in the area of IoT cyber security expertise. Resilience in this segment is becoming an increasingly important success factor in a world where cyber attacks are on the rise."
