Skycure, a Palo Alto, California and Tel Aviv, Israel-based mobile threat defense platform provider, closed $16.5m Series B funding round.
The round was led by Foundation Capital with participation from Shasta Ventures, Pitango Venture Capital, New York Life, and private investors Peter McKay, Michael Weider and Lane Bess. In conjunction with the funding, Paul Holland, a general partner at Foundation Capital, joined Skycure’s board of directors.
The company, which has raised $27.5m in total funding to date, intends to use the funds to expand in EMEA and APAC, broaden its presence with Global 1000 customers, and invest in further developing its platform.
Led by Adi Sharabani, CEO, Yair Amit, CTO, Skycure provides a mobile threat defense platform that allows enterprises to secure employee mobile devices when adopting BYOD to increase productivity.
Its predictive technology uses a layered approach that leverages massive crowd-sourced threat intelligence, in addition to both device- and server-based analysis, to proactively protect mobile devices from malware, network threats, and app/OS vulnerability exploits. Malware detection techniques include static and dynamic analysis, crowd-based anomaly detection, as well as analysis based on signatures, app behavior, structure, permissions, etc.
Protection against network threats includes a built-in VPN that protects the device while maintaining network connectivity during an attack and a corporate resource protection feature that blocks communication with specific valuable resources (mail servers, file shares and other business systems) during a network attack, while allowing non-critical connections.
The platform has performed more than 150 million network tests and detected tens of thousands of malware installations, including repackaged versions of the latest mobile game sensation, Pokémon Go.