Bromium raises $40M Series C funding

Privately held and headquartered in Cupertino, CA Bromium, a company that develops enterprise security software announced to have raised $40M in Series C funding from lead new investor Meritech Capital Partners, together withAndreessen Horowitz, Ignition Partners, Highland Capital Partners, and Intel Capital, which already partecipated in the Series B funding over a year ago.

Bromium is planning to use the new funding to continue develop its security  product and to accelerate sales in North America, EMEA, Japan and APAC

Gaurav Banga, co-founder and CEO of Bromium, said:

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, 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, leader of the investment commented:

Rapid adoption of cloud computing, mobility and consumerization leave enterprises more vulnerable than ever, at a time when cyber-crime is at an all-time high. Bromium is uniquely positioned to transform enterprise security. Its technology is revolutionary – as profoundly important for security as virtualization was for the data center. 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.