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Cybersecurity Funding

Mocana Raises $25 Million in Series D Funding

Mocana, a provider of software and network services for securing mobile devices, today announced it has secured $25 million in series D funding that will be used to drive the company’s two-pronged strategy for mobile security.

Mocana, a provider of software and network services for securing mobile devices, today announced it has secured $25 million in series D funding that will be used to drive the company’s two-pronged strategy for mobile security.

Mocana builds software products to give IT departments the ability to manage mobile devices that employees are bringing into the enterprise and the information that is being saved on those devices. The Mocana Mobile Application Protection platform gives enterprises fine-grained cross-platform security management control over mobile apps installed on devices that aren’t under the enterprise’s control.

The company’s other focus is on building security into a wide variety of devices to protect apps and data that would be saved on them. Mocana works with device manufacturers to provide embedded security products for various hardware platforms, including PCs, tablets, smartpones and all kinds of connected systems.

“The number of connected devices and mobile applications is exploding, presenting new security risks for everything from tablets and smart phones to MRI machines and smart meters,” J. Alberto Yépez, managing director for Trident Capital, said in a statement.

Mocana secures Apple iOS and Google Android devices by wrapping apps within an encrypted layer. With MAP, IT administrators can secure apps and assign different security settings depending on user and type of device. IT administrators also don’t need to have the actual source code of the app handy in order to get it protected under MAP.

The funding was led by Trident Capital, and included current investors Intel Capital, Shasta, Southern Cross, and Symantec. The company has raised a total of $22 million in previous rounds.

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