Zimperium, a provider of mobile security solutions, today announced that it has closed a Series B round of funding totaling $12 million led by the Ventures group at Australian telecommunications firm Telstra.
According to the company, the new funding will be used to support its ongoing expansion and product development and help scale operations.
San Francisco, Calif.-based Zimperium explains that its Mobile Threat Defense system uses behavior-based analytics that continuously run on the device to protect mobile devices against WiFi, cellular and host-based threats targeting iOS and Android devices.
“Traditional signature-based defenses can’t hold up to the new breed of attacks and with the increasing use of mobile, there needs to be a huge shift in how companies think about security,” said Shridhar Mittal, CEO of Zimperium. “This latest funding validates the work we’ve done for our customers and, combined with our continued innovation and momentum, will help propel Zimperium forward into 2015.”
TOYO Corporation, a new investor and Zimperium’s distributor in Japan, also participated in the funding round, along with existing investors Sierra Ventures, Lazarus Israel Opportunities Fund and Samsung.
Earlier this week, Zimperium disclosed security vulnerabilities in the popular messaging app “Telegram” that would allow attackers to get a peak at users’ messages by bypassing encryption.
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.
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