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Crosspoint Capital Partners makes USD50m growth equity investment in Afero

Crosspoint Capital Partners (Crosspoint Capital), a private equity firm focused on the cybersecurity, privacy and infrastructure software markets, has led a USD50 million Series C investment in Afero, a provider of turnkey Internet of Things (IoT) Platform as a Service (Paas) solutions that bring secure connectivity to IoT devices.

The Home Depot also participated in the investment round, terms of which have not been disclosed.
 

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