Zimperium Inc. , which provides a mobile threat management platform to deliver continuous and real-time cyber threat protection for mobile devices and applications, has closed $25 million in Series C funding. Warburg Pincus led the round with participation from existing investors Sierra Ventures, Telstra Ventures and Lazarus Israel Opportunities Fund LLLP. Warburg Pincus Managing Directors Cary Davis and Ashutosh Somani will join Zimperium’s board of directors.
Zimperium plans to use the funding to expand its global customer reach and mobile partner ecosystem. The funding will also support Zimperium as it continues to add new capabilities to its existing Mobile Threat Protection product suite, which safeguards against advanced known and unknown mobile cyberattacks, as well as develop new products.
Zimperium, which is headquartered in San Francisco and has offices in Tel Aviv, was founded in 2010 by CTO Zuk Avraham and CRO Elia Yehuda.
Zimperium CEO Shridhar Mittal said, “2016 has been a year of exceptional growth for our company. With this new funding, and our recent integrations and partnerships, Zimperium is equipped to expand our global customer presence and enhance our product development. Unlike traditional security methods, Zimperium is a truly comprehensive platform for managing mobile risk. We stop cyber criminals and eliminate threats before they can damage a business.”
Zimperium has a growing number of integrations and partnerships; thus far in 2016, Deutsche Telekom, one of the largest telecommunications companies in the world, SIRIN LABS, a high-end smartphone maker, and SmarTone, a leading wireless communications carrier in Hong Kong, all selected Zimperium’s technology to power their latest security products.
“We have been evaluating the mobile threat management industry closely and see significant potential in this large and growing market,” commented Cary Davis, Managing Director in the Technology, Media and Telecommunications group, Warburg Pincus. “As today’s workforce becomes increasingly dependent on mobile devices, enterprises must be prepared for the inevitable mobile-based cyberattack. With its differentiated approach to mobile threat defense and machine learning, Zimperium is uniquely suited to address the challenges its customers face, and to scale across applications and markets.”
Published by Globes [online], Israel business news - www.globes-online.com - on June 8, 2016
© Copyright of Globes Publisher Itonut (1983) Ltd. 2016