Date: Dec 16, 2013 Source: SecurityWeek Network (
click here to go to the source)
By Mike Lennon
Invincea, a provider of endpoint security solutions that leverage secure virtual containers to protect against advanced malware and other threats, today announced that it has raised $16 million in a Series C round of funding.
The funding round was led by new investors Aeris Capital and Dell Ventures, while existing investors Grotech Ventures, Harbert Ventures, and New Atlantic Ventures also participated.
In addition to announcing the new funding, the company officially disclosed that it had acquired competitor Sandboxie earlier this year.
Invincea said it has experienced 200 percent year-over-year growth and that its technology is deployed in nearly 10,000 organizations around the world.
In June 2013, Invincea announced an OEM partnership with Dell under which the PC maker would ship systems with Invincea technology installed straight from the factory on all commercial systems including its Precision, Latitude and Optiplex machines.
"Investing in Invincea made perfect sense given the unique ability of their solution to address the increasing threat of targeted and zero-day attacks," said Brett Hansen, Executive Director, Client Software at Dell We look forward to changing the endpoint security paradigm with Invincea as our partner, and as a Dell Ventures portfolio company."
Just last month the company launched of Invincea FreeSpace for Small Business, an endpoint security solution targeted to small business market.
With the acquisition of Sandboxie, Invincea's reach expands to more than 1,000 additional organizations globally primarily focused in the small business sector, the company said.
The company was founded by Dr. Anup Ghosh and has commercialized technology originally built under DARPA funding.
"We're proud to be backed by our new investors Aeris and Dell, and for the continued support from our existing investors," said Ghosh, Founder and CEO at Invincea. "We are fortunate to be in a situation where our revenues and deployments are on an exponential growth plane -- giving us the ability to take strategic funding to support certain initiatives, such as our expansion in Europe.
