AnchorFree, a Redwood City, CA-based mobile privacy and security provider, raised $295m in funding.
The round was led by WndrCo with participation from Accel, 8VC, SignalFire, Green Bay Ventures, and other technology investors and executives. In conjunction with the funding, WndrCo Founding Partners Sujay Jaswa and Jeffrey Katzenberg, and Sameer Gandhi, Partner at Accel, joined AnchorFree’s board. Jaswa will serve as Chairman. WndrCo General Partner ChenLi Wang joined as a strategic advisor.
The company intends to use the funds to further product development and market expansion and drive M&A activity.
Led by co-founder and CEO David Gorodyansky, AnchorFree brings enterprise-level privacy and security products to consumer mobile devices, helping to protect their identities and data online while working to secure against privacy and security challenges such as: browsing and identity data collected by ISPs and websites without user consent, hacking on public Wi-Fi hotspots, phishing, and malware attacks.
The company’s flagship product – Hotspot Shield™ – allows users to access the Internet in a secure and private manner.
The recently launched Hotspot Shield for Business allows employees at SMBs and SMEs to secure data on public Wi-Fi and to communicate and access their work more securely on the Internet.
Hydra, AnchorFree’s proprietary VPN technology (read an article on a VPN tech use case here), has been adopted by app developers and the Hydra Software Development Kit is used by 60 % of the world’s largest security companies and many global telecommunications companies.
The company’s products have been downloaded more than 650 million times by users across 190 countries.