MobileSpaces, a Silver Spring, Maryland-based startup focused on enterprise mobile security, announced that it has raised $8.6 Million through a Series B investment round from Marker LLC and Accel Partners.
With the additional funding, the company plans to expand its sales and marketing teams in order to capitalize on its technology and extend its presence in the mobile security space.
MobileSpaces says that its Application Virtualization technology can secure any mobile iOS or Android application through a policy-managed BYOD workspace.
The company’s technology enables the use of any mobile app, including custom or public app store apps, to create powerful, seamless and customized workflows.
By creating a policy that includes the mobile apps for workspace use, IT administrators can provide a customized workspace for individual employees.
“Within the workspace, enterprise apps run natively and share information, and enterprise data is secured and isolated,” the company explained. “This approach also offers safe harbor for an employees’ personal data, allowing personal apps to run separately and privately from the enterprise apps.”
Furthermore, the company says its solution goes beyond Mobile Device Management and traditional container-based solutions to “app centric security” and management.
“Traditional mobile IT vendors secure third party apps using approaches that limit enterprise app choice to just a few dozen apps. That creates a huge innovation gap that prevents IT and business managers from fully leveraging the booming app economy that provides 1.5 million apps. Rather than being prescriptive to companies, we allow enterprises to use any app to meet their business needs, letting them reclaim their app strategy, ” said David Goldschlag, former VP Mobile at McAfee and now MobileSpaces CEO and co-founder.
“Our team at MobileSpaces thinks outside of the box – or in this case, the container – which is why we have developed a mobile security approach that liberates enterprise app deployment without compromising corporate security,” said Yoav Weiss, MobileSpaces CTO and co-founder.