Two years ago, Microsoft laid out a few parameters regarding its future Internet of Things (IoT) digital security strategy and the company’s long-term commitment to enhancing Azure’s capabilities. More specifically, Microsoft outlined a US$5 billion investment plan between 2018 to 2024, an all-inclusive plan to tackle prominent IoT challenges with a clear focus on industrial settings and extending its list of IoT partners for Azure’s IoT suite across a wide application range for both private enterprises and governments. On June 22, 2020, the company made its latest addition to its IoT security strategy by finalizing the acquisition of CyberX, an innovative Israeli startup operating in industrial cybersecurity for approximately US$165 million.
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