Security Experts:

Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

Bluebox Security Raises $18 Million to Tackle Enterprise Mobile Threats

Tenaya Capital Joins Andreessen Horowitz, Andreas Bechtolsheim, and SV Angel in $18 Million Funding Round

Tenaya Capital Joins Andreessen Horowitz, Andreas Bechtolsheim, and SV Angel in $18 Million Funding Round

Bluebox Security, a San Francisco, California-based mobile security company that has been operating in stealth mode since 2012, announced today that it has closed an $18 million Series B funding round.

The fresh injection of cash will be used to scale sales and marketing efforts, the company said.

Bluebox Security LogoThe new funding brings the company’s total amount raised to $27.5 million. Bluebox previously closed a $9.5 million Series A round in June 2012.

Bluebox co-founder and CEO Caleb Sima previously told SecurityWeek that the company was working on a “very unique solution to market that no one has seen today.”

Caleb Sima, Bluebox

This week, Sima provided another tiny hint at what the company is working on. “Many companies have invested in mobile security solutions that focus on the device, but don’t address the core issue of mobile security,” Sima said. “We founded Bluebox with a unique approach to mobile security that focuses on what really matters—data.”

Participants in the fudning round include new investor Tenaya Capital, along with previous investors Andreessen Horowitz, Sun Microsystems Co-founder Andreas Bechtolsheim, and SV Angel.

“Existing mobile security solutions are modeled on an outdated perspective of mobile use that does not meet current demand,” said Brian Melton, Managing Director, Tenaya Capital. “As companies give employees more access to corporate information via mobile devices, they need a solution that meets the needs of both the business and employees. The strong endorsement across Bluebox’s beta customers validates that Bluebox has developed an innovative mobile security solution that enterprises want.”

“The BYOD movement has ushered in a new era—enterprises no longer control or manage the devices and services employees bring into the organization—fundamentally changing the way organizations must address security,” said Scott Weiss, Partner, Andreessen Horowitz. “Boasting an exceptional team of veteran entrepreneurs with deep roots in information security, Bluebox is well positioned to quickly become the leader in this new frontier of mobile security.”

The company is expected to make a product launch on Feb. 19, a company spokesperson told SecurityWeek.

Prior to launching Bluebox, Sima served as an “Entrepreneur in Residence” at Andreessen Horowitz. Sima also previously served as Chief Technology Officer for HP’s Application Security Center after joining the company as a result of HP’s acquisition of SPI Dynamics in 2007, a company he co-founded and as CTO oversaw development of WebInspect – a Web application security testing tool.

Adam Ely, co-founder of Bluebox

Co-founder Adam Ely was previously CISO of the Heroku business unit at salesforce.com. Prior to salesforce.com, Adam led security operations, application security, and compliance for TiVo. Before TiVo, he led security functions at Disney.

In July 2013, Bluebox was credited with discovering a serious vulnerability in Android, which would allow attackers to easily turn legitimate apps into Trojans, without affecting the cryptographic signature. In this SecurityWeek podcast, Ely discusses the flaw, which was called an Android Master Key Vulnerability.

Along with this latest funding round, Brian Melton from Tenaya Capital will join Bluebox Security’s board of directors. 

Written By

For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.

Click to comment

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Mobile & Wireless

Apple rolled out iOS 16.3 and macOS Ventura 13.2 to cover serious security vulnerabilities.

Mobile & Wireless

Technical details published for an Arm Mali GPU flaw leading to arbitrary kernel code execution and root on Pixel 6.

Mobile & Wireless

Apple’s iOS 12.5.7 update patches CVE-2022-42856, an actively exploited vulnerability, in old iPhones and iPads.

Funding/M&A

Tenable has launched a $25 million venture fund to place bets on early-stage startups in the exposure management space.

Mobile & Wireless

Two vulnerabilities in Samsung’s Galaxy Store that could be exploited to install applications or execute JavaScript code by launching a web page.

Funding/M&A

Twenty-one cybersecurity-related M&A deals were announced in December 2022.

Mobile & Wireless

South Dakota Gov. Kristi Noem says her personal cell phone was hacked and linked it to the release of documents by the January 6...