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Meritech latest venture backer of Bromium after leading $40m Series C round

23 Oct 2013

internet security online keyboardMeritech Capital Partners has led an oversubscribed $40m Series C round for computer security business Bromium.

Existing investors Andreessen Horowitz, Ignition Partners, Highland Capital Partners and Intel Capital also backed the financing round, which the company said would be put towards product development and sales.

Highland previously led a $26.5m round for Bromium in June 2012.

The company’s software identifies vulnerable tasks within programmes and isolates them in a hardware-backed container, automatically blocking and discarding malware and other threats.

Meritech managing partner Rob Ward, who will join the Bromium board following the investment, said, “Rapid adoption of cloud computing, mobility and consumerization leave enterprises more vulnerable than ever, at a time when cyber-crime is at an all-time high.

“Bromium is uniquely positioned to transform enterprise security. Its technology is revolutionary – as profoundly important for security as virtualization was for the data center.

“It adds durable protection against advanced malware to every end point, and provides unparalleled insights into malware intent.

“We are very impressed with Bromium’s success in the marketplace, and are thrilled to join the team.”

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