Zimperium, Inc., San Francisco, CA-based provider of a mobile threat management platform, closed a $25m Series C funding.
The round was led by Warburg Pincus with participation from existing investors Sierra Ventures, Telstra Ventures and Lazarus Israel Opportunities Fund LLLP. In conjunction with the funding, Warburg Pincus Managing Directors Cary Davis and Ashutosh Somani will join Zimperium’s board of directors.
The company plans to use the funds to expand its global customer reach and mobile partner ecosystem, add new capabilities to its existing Mobile Threat Protection product suite, and develop new products.
Led by Shridhar Mittal, Chief Executive Officer, Zimperium provides a mobile threat management platform that delivers continuous and real-time cyber threat protection for mobile devices and applications. The solution is based on an on-device detection engine that uses patented, machine learning technology to protect against a broad array of mobile attacks.