SAN MATEO, Calif., Nov. 18, 2013 /PRNewswire/ -- Mojave Networks, a provider of cloud-based mobile security for enterprises, today announced it has closed a $5 million round of funding led by Bessemer Venture Partners (BVP) with participation from Sequoia Capital to accelerate its go-to-market strategy. After dozens of successful implementations with enterprises and more than two years of development, Mojave Networks (formerly called Clutch Mobile) has developed a globally distributed network to secure smartphones and tablets for the mobile enterprise. This unique approach gives organizations unrivaled insight into application usage, data traffic, network analytics, and malicious threats while helping them control costs and comply with regulations.
Bessemer's investment will help accelerate Mojave Network's research and development, sales team expansion and industry partnerships. The company has already brought on team members from other security leaders including Symantec, McAfee, Palo Alto Networks and Lookout.
"At Mojave Networks, we have completely rethought mobile security from an enterprise perspective, helping organizations around the world manage their device security from the network down to each single device," said Garrett Larsson, CEO and Co-Founder of Mojave Networks. "We are excited about working with Bessemer and joining their long history of helping build great security companies."
With Mojave Networks, enterprises can implement robust privacy controls to support Bring Your Own Device (BYOD) and corporate-owned mobile device programs. A fully transparent approach allows employees to understand the security policies protecting them while giving IT administrators the flexibility to secure company data.
"MDM really stands for Malware-infected Device Management, because you can't run robust security clients on a smartphone," noted David Cowan, Bessemer partner and founder of VeriSign and Good Technology who recently joined the Mojave Networks board. "We spent a year evaluating cloud-based approaches to securing corporate and BYOD smartphones, and found Mojave's team and technology is best positioned to meet the exploding demand for enterprise-grade mobile security."
"With the rise of mobile malware and cloud services, it's obvious that traditional device-based approaches to mobile security are insufficient. This new round of funding will accelerate our vision of bringing a cloud-based approach to mobile security," Larsson added.
Mojave Networks currently supports Android and iOS and starts at $4/month/device after a free trial period. For more information and to register for an account, visit www.mojave.net.
About Mojave Networks
Mojave Networks has pioneered a cloud-based approach to mobile security for enterprises that blocks advanced threats and protects company data. This approach gives organizations unrivaled insight into application usage, data flow, network analytics, and malicious threats while helping them control costs and comply with regulations. Founded in San Mateo, CA in 2011, Mojave Networks is used by large and medium enterprises and government agencies. The company is funded by Bessemer Venture Partners and Sequoia Capital, and its team includes former executives from Symantec, McAfee, Palo Alto Networks, and Lookout. For more information, please visit www.mojave.net.
About Bessemer Venture Partners
Bessemer Venture Partners (BVP) invests in early-stage, hyper-growth startups, partnering closely with entrepreneurs to build durable businesses. BVP is a global firm with offices in Menlo Park, Cambridge, New York, Mumbai, Bangalore, Herzliya and Sao Paolo. With $4 billion under management, BVP invests anywhere from $100,000 to $75 million in innovative companies like LinkedIn, Yelp, Skype, CornerstoneOnDemand, Pinterest, Box and Twilio. Over 100 BVP companies have gone public -- last year alone BVP had 5 IPOs, 7 M&A exits, and 20 new investments. Learn more at bvp.com and twitter.com/BessemerVP.
SOURCE Mojave Networks