Wandera receives additional $15m to fuel fight against cyber crime
Company processes 350 million content requests every day
Secure mobile data gateway company Wandera has secured a further $15m in funding in a round led by 83North, with participation from Bessemer Venture Partners, taking the company’s total funding to $23m.
Headquartered in London and San Francisco, Wandera was founded in 2012 by brothers Eldar and Roy Tuvey who previously founded cloud-based web security business ScanSafe. The company scans data on device and in the cloud to allow businesses to protect their mobile data from external threats, and its mobile data optimisation and real-time intelligence provides control over data usage and generates immediate return on investment.
The company currently processes over 350 million content requests each day for customers in 60 different countries. With Britain’s technology businesses growing four times faster then the rate of UK GDP, and in light of recent high profile incidents such as the Sony Hack, the need for robust and progressive measures against cyber crime is more apparent than ever.
It plans to use the funding to develop its security service and ensure it stays ahead of ever more sophisticated hackers.
President of Wandera, Roy Tuvey, said: “Following the recent Sony Pictures and celebrity iOS hacks, companies are demanding the next generation of mobile security. We have reached a tipping point where businesses must tackle mobile data security threats head-on or face serious repercussions.
“We’re thrilled to add 83North as an investor and this capital will help us grow and scale at a time when mobile attacks are growing exponentially across all smart devices.”
Erez Ofer of 83North will be joining the company's board. Ofer commented: “Wandera’s proactive security and optimisation service powered by its unique cloud gateway architecture goes beyond traditional solutions and gives enterprises the confidence to employ mobility as a key productivity tool.
“We’re pleased to facilitate Wandera’s aggressive expansion plans across Europe and particularly in North America where they are already securing mobile devices for some of the world’s largest companies and partnering with global telecom carriers and MDM players.”