Wednesday, May 25, 2011

MobileIron Raises $20 Million, Adds 200 Customers in 90 Days

MobileIron, which supplies a smartphone management system for enterprises, has raised $20 million in Series D funding. All four of MobileIron's current investors, Foundation Capital, Norwest Venture Partners, Sequoia Capital and Storm Ventures, participated in the round.

MobileIron provides the foundation to manage corporate data on mobile devices, and an Enterprise App Storefront for app discovery and deployment. The company said it is experiencing rapid growth, adding 200 enterprise customers in 90 days and increasing its workforce by 30 percent.

The funding will be used to drive rapid global growth, accelerate initiatives for existing and emerging mobile platforms, and meet the rapidly growing worldwide market demand for mobile device management and security.

"MobileIron manages some of the largest iOS and Android deployments in the world and, from what we've seen among our customers and channel partners, this is only the beginning," said Bob Tinker, CEO, MobileIron. "We are investing in growth to be the go-to leader for enterprise customers for mobile management, security and apps."