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Afero raises $20.3 mln

Afero said May 18 that it raised $20.3 million in Series C financing led by Samsung Catalyst Fund. Other investors include SoftBank GroupFenox Venture CapitalPresidio Ventures, Sanshin Electronics Co Ltd, Robert Dobkin, and Assembly Partners. Los Altos, California-based Afero aims to provide a platform for secure connectivity of cloud-connected devices in various industries.

Source: PRnewswire