AAA Enterproid raises $11m

Enterproid raises $11m

Enterproid, a US-based maker of the Divide Platform for enterprise mobility, has raised $11m in series A round from a consortium led by Comcast Ventures, the corportate venturing unit of the eponymous US-listed cable company.

Alongside Comcast Ventures in the round were Google Ventures, search engine Google’s corporate venturing unit, and chip maker Qualcomm’s Ventures team.

Dave Zilberman, principal at Comcast Ventures, said: “Employees bringing their own devices [BYOD] to work is a growing phenomenon, and Enterproid has found a solution for the challenge it creates for businesses’ privacy and security.”

Enterproid had won Qualcomm’s second annual global Qprize in February and received $150,000. The company previously won QPrize’s North America regional competition and was awarded $100,000 in venture financing.

Founded by former mobile executives and engineers from investment bank Morgan Stanley, Enterproid’s seed round investors included venture capital firms Genacast Ventures, High Peaks Venture Partners and NYC Seed.

Leave a comment

Your email address will not be published. Required fields are marked *