Wednesday, August 22, 2012

Mocana Raises $25 Million for Mobile App Protection

Mocana, a start-up based in San Francisco, raised $25 million in Series D funding to scale the company's Mobile and Device Security Platform, a software and network services solution for securing connected devices and the information, applications and services that run on them.

The Mocana Mobile Application Protection (MAP) solution gives enterprises fine-grained, cross-platform security management control over mobile apps, without requiring those enterprises to write any code, or to have access to the source code of the original app. MAP works on apps deployed inside the enterprise, and it secures apps deployed to devices that the enterprise doesn't directly control. Mocana also recently announced its Security Detail solutions which give device manufacturers a common, open standards-based way to solve security across entire connected, smart device portfolios.

The new funding was led by Trident Capital and included current investors Intel Capital, Shasta, Southern Cross and Symantec. Mocana has raised $22 million in previous investment rounds.