CloudMine, a Philadelphia, PA-based provider of a cloud mobile platform, raised $5m in Series A financing.
The round was led by Safeguard Scientifics (NYSE:SFE) with participation from MentorTech Ventures, DreamIt Ventures, DeSimone Group Investments, Ben Franklin Technology Partners, Mid-Atlantic Angel Group, Robin Hood Ventures and other angel investors. In conjunction with the funding, Philip Moyer, Managing Director, Technology, and David Luk, Principal, Technology, will join CloudMine’s board of directors.
The company intends to use the funds to add features to its product and expand marketing and sales functions.
Founded in 2011 by Brendan McCorkle, Chief Executive Officer, CloudMine provides enterprise developers with a platform that features a mobile-optimized suite of services to build and deploy mobile applications for employee productivity and consumer engagement.
The company targets highly sensitive verticals such as healthcare, pharmaceuticals and retail helping them solve the challenge of maintaining security and compliance, including HIPAA and HITECH. Customers include Mylan Specialty, Endo Pharmaceuticals, Barnes & Noble College, and Digitas Health.