Deals

Pwnie Express Secures $8 Million in Funding
Date: 
Wednesday, November 29, 2017
Location: 
Boston
Categories: 
IoT
Security
Deal Type: 
Funding

New investment coupled with a new CEO has put Pwnie Express in position to accelerate on its IoT security vision. Support from Pwnie’s existing bench of investors comes in the form of $8 million in funding earmarked for continued customer growth. In addition, the company has appointed Todd DeSisto as the company’s new CEO.

DeSisto joined Pwnie’s Board of Directors in 2016. He has previous experience leading IoT-related companies as the former CEO at Axeda Corporation. During his tenure there, Axeda won several “best of” awards, including being named one of the 10 Most Powerful IoT Companies with the likes of Amazon, Cisco, and Google. Axeda was sold to PTC (Nasdaq:PTC) for $170 million. Todd started his career in the wireless industry and was a member of Aloha Partners, one of the largest holders of wireless spectrum in the US, before its sale to AT&T. As a senior executive with several emerging companies, including Network Intelligence, Inc., New River Inc., and Atlantic Cellular Company, DeSisto has a track record of building value and growing companies... READ MORE