San Francisco, CA – July 10, 2012 – Mocana, a leader in smart device security, today announced it has completed a $25 million round of 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. Trident Capital led the new round, which also included participation from current investors Intel Capital, Shasta, Southern Cross and Symantec. J. Alberto Yépez, Trident Capital managing director, will join the Mocana board of directors.
“The number of connected devices and mobile applications is exploding, presenting new security risks for everything from tablets and smart phones to MRI machines and smart meters,” said J. Alberto Yépez, managing director for Trident Capital. “Mocana is poised to own this fast-growing, multi-billion dollar market as it possesses deep intellectual property, a global roster of premier clients and an experienced team with a proven ability to execute. We look forward to supporting Mocana to help it seize this significant market opportunity.”Read More
Today Mocana announced four comprehensive security suites that comprise software, services, warranties and support tailored to help device OEMs developing Android, industrial control and smart grid applications create safer, more secure products for the Internet of Things. Known as Mocana Security Detail(TM), these suites help organizations protect against today's threats and prepare for the evolving threats of tomorrow by including the necessary security software, training and support to meet or exceed the most important industry and government security guidelines.Read More