AAA Invincea shows X factor in $10m round

Invincea shows X factor in $10m round

US-based antivirus software developer Invincea secured $10m on Wednesday in a funding round that included Dell Ventures, the corporate venturing arm of computer hardware provider Dell.

Orix Growth Capital, the venture capital subsidiary of financial services provider Orix, also took part in the round, as did financial services firm Comerica Bank, New Atlantic Ventures and Harbert Ventures.

Invincea provides anti-malware software called X by Invincea that uses machine learning. Dell Ventures co-led its $17.3m series C round, which closed in 2014, with Aeris Capital, investing alongside Grotech Ventures, Harbert Ventures and New Atlantic Ventures.

The company had raised $11.3m in earlier rounds, according to regulatory filings.

Anup Ghosh, founder and CEO of Invincea, said: “We are excited that Orix Growth Capital and Comerica are joining our existing investors, including Dell Ventures, to provide strategic growth capital to scale the business across core verticals and markets where we are seeing significant traction for X by Invincea.”

Leave a comment

Your email address will not be published.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