Security Experts:

Bromium Adds $40 Million to Grow Endpoint Security Business

Cyber security firm Bromium has added $40 million to its coffers, thanks to an additional investment to support its growth in the increasingly competitive endpoint security market.

The additional funding brings the total amount raised to-date by the company to a whopping $115 million.

Founded in 2011, Cupertino, Calif.-based Bromium offers endpoint protection solutions that leverage micro-virtualization technology to isolate websites, email, documents, USB and executables to prevent endpoint compromise.

Bromium Logo

The company says it has enjoyed over 100 percent bookings growth per year for the last three years, with customers including Fortune 1000 organizations and government agencies in North America and Europe.

The company boasts four of the world’s top five commercial banks, two of the three largest health insurance providers, and one of the world’s largest oil and gas companies as customers.

Just last month, Bromium introduced Bromium Advanced Endpoint Security, a new offering that integrates threat isolation, threat analysis, and continuous host monitoring to help organizations lock down their endpoints.

“Enterprises realize traditional perimeter defenses can’t protect them against today’s polymorphic attacks that are designed to bypass legacy detection-centric endpoint protection products,” Ian Pratt, co-founder and CEO of Bromium, said in a statement.

In addition to announcing the additional funding, Bromium announced appointment of Earl Charles as CFO, where he will manage the financial functions of the company. Prior to Bromium, Charles was CFO of AOptix Technologies.

Other new hires include David Weier, who will serve as senior vice president of worldwide sales, and Jan Kang, who joined Bromium as vice president and general counsel.

The recent investment round was led by existing investors and also included Silver Lake Waterman.

Disclosure: Simon Crosby, Co–founder and CTO at Bromium, is a SecurityWeek columnist. 

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For more than 10 years, Mike Lennon has been closely monitoring and analyzing trends in the enterprise IT security space and the threat landscape. In his role at SecurityWeek he oversees the editorial direction of the publication and manages several leading security conferences.