Skycure, a US-based company developing technology to detect and prevent cyberattacks on mobile devices, closed an $8m series A round yesterday featuring insurance company New York Life Insurance.
Venture capital firm Shasta Ventures led the round, while Pitango Venture Capital as well as a range of individual investors also participated. Skycure previously received $3m in seed funding from Pitango in 2012.
Founded in 2012, Skycure enables businesses to ensure mobile security when implementing bring-your-own-device policies.
The technology, consisting of a firewall on the device itself and a server that takes care of the heavy lifting, can detect and prevent cyberattacks on employees’ mobile devices without impeding on privacy or draining batteries.
Skycure will use the funding to increase its sales and marketing efforts, as well as to advance its research and development and expand its teams in both the US and Israel.
Richard Moore, deputy chief information security officer of New York Life Insurance, said: “Using Skycure gives us visibility into the threats around us and allows us to make decisions based on facts rather than hunches.”