Thursday, March 4, 2010

Cloudmark Raises $23 Million for Secure Messaging

Cloudmark, a start-up based in San Francisco and Boston, raised $23 million in a new round of funding for its carrier-grade secure messaging software.

Cloudmark leverages a unique combination of "Advanced Message Fingerprinting" technology, real-time corroborated feedback from Cloudmark's Global Threat Network system, automated, anonymous traffic analysis and dedicated security analysts to provide spam, phishing and virus protection. The company said it is able to detect messaging abuse with up to 99 percent accuracy and near-zero false positives.

The latest funding was led by new investor Summit Partners and joined by Nokia Growth Partners. Existing investors Ignition Partners and Industry Ventures also participated in the round.

The new funding was used to assist in Cloudmark's acquisition of Bizanga, Ltd. and is the first investment Cloudmark has raised since 2004.


Post a Comment

See also