US-based anti-malware software developer Bromium has been acquired by computing technology manufacturer HP for an undisclosed amount, enabling semiconductor maker Intel to exit.
Founded in 2011, Bromium markets endpoint cybersecurity software products that secure devices including computer workstations by employing a virtual sandbox to plug attack vectors and security breaches, providing users with sophisticated details of each attack.
HP will use the acquisition to beef up its own cybersecurity products. It already licenses Bromium technology for a product called Sure Click which also features virtualisation-based protection.
Bromium had raised more than $115m of funding before the acquisition, most recently securing $40m of series D capital from growth equity fund Silver Lake Waterman and unnamed additional investors in 2016.
Intel’s corporate venturing unit, Intel Capital, participated in a $40m series C round for Bromium in 2013 that was led by Meritech Capital Partners and backed by Andreessen Horowitz, Ignition Partners and Highland Capital Partners. It had joined the latter three in a $26.5m series B round in 2012.
Andy Rhodes, general manager and global head of commercial systems for HP, said: “Security is a key competitive differentiator for HP, providing the most secure PCs and printers on the market.
“The acquisition of Bromium extends our investments, leadership and focus in this space and securing endpoint devices that are on the front lines of defence against cybersecurity attacks.”