14 DAY TRIAL // IT security company Bromium, Inc., has managed to raise $40 million (€29 million) in a Series C funding round. Meritech Capital Partners has led the round, but existing investors Intel Capital, Ignition Partners, Andreessen Horowitz and Highland Capital Partners have also taken part.
“Bromium is privileged to be working with a group of investors who are committed to building a company that is transforming cyber-security – without relying on ineffective, legacy detection-centric techniques,” stated Gaurav Banga, co-founder and CEO of Bromium.
“Demand for our flagship vSentry and LAVA products continues to grow. We have doubled revenue each quarter this year and now plan to accelerate our international expansion and strengthen our development team.”
Rob Ward, managing director at Meritech Capital and the one who will represent the company on Bromium’s board, noted, “Bromium is uniquely positioned to transform enterprise security. Its technology is revolutionary – as profoundly important for security as virtualization was for the data center.”
He added, “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.”