Dell Ventures follows $300m fund announcement with Invincea anti-virus backing


virus2_sqDell Ventures has led a $16m financing round for anti-virus business Invincea after announcing plans to launch a $300m fund targeting online security, storage, cloud computing and big data.

Aeris Capital co-led the round, which also included backing from existing investors Grotech Ventures, Harbert Ventures and New Atlantic Ventures.

The company creates secure “virtual containers” for detecting advanced malware, preventing security breaches and analysing potential online security threats.

Dell client software director Brett Hansen said, “Dell partners with Invincea to deliver the world’s most secure line of devices.

“In June of 2013, we began shipping a solution powered by Invincea — Dell Data Protection Protected Workspace — to provide our customers with advanced malware protection out of the box.

“Investing in Invincea made perfect sense given the unique ability of their solution to address the increasing threat of targeted and zero-day attacks.”

Last week Dell announced the $300m Strategic Innovation Fund, which it said would target all investment stages but specifically focus on Series B-rounds and beyond.

Copyright © 2013 AltAssets

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