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Home > PE News > By Region > North America > United States

Mobile virus protection company Cloudmark in $23m funding round Mobile virus protection company Cloudmark in $23m funding round

03 Mar 2010. Source: AltAssets
Cloudmark Inc, a company offering real-time spam, virus and phishing protection solutions for mobile and social networks, has secured $23m in a round of funding led by new investor Summit Partners and joined by Nokia Growth Partners, the venture capital arm of mobile phone major Nokia. 

Existing investors Ignition Partners and Industry Ventures also participated in the round, which will fund Cloudmark’s acquisition of message-processing platform Bizanga and is the first investment Cloudmark has raised since 2004.

Cloudmark claims to have developed the industry’s fastest and most accurate spam, phishing and virus protection that detects messaging abuse with up to 99 per cent accuracy.    

“The need for carriers to protect their mobile networks against messaging attacks has never been more critical, and it is essential for ensuring a positive experience for their customers,” said John Gardner, managing partner at Nokia Growth Partners. “Cloudmark is uniquely positioned to capitalise on this demand based on its ability to deliver carrier-grade messaging security solutions with unrivaled accuracy, scalability and performance.”

Lead investor Summit’s investments in the security market include McAfee, Postini, SafeBoot and Sybari Software.

Copyright © 2010 AltAssets

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