Wandera Adds $15 Million to Protect Companies from Growing Mobile Threats

Investors Endorse Cloud Gateway as the Winning Model Against Cyber Crime

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Feb 10, 2015, 04:00 ET

SAN FRANCISCO, Feb. 10, 2015 /PRNewswire/ -- Secure Mobile Gateway pioneer Wandera, today announced $15 million in additional funding to consolidate its position as the global leader in mobile data security and optimization. This latest funding was led by 83North, with participation from existing investor Bessemer Venture Partners. This brings Wandera's total funding to $23 million.

Leading global organizations, including three of the Big Four accountancy firms, rely on Wandera's Secure Mobile Gateway to secure their mobile devices from cyber criminals. They also benefit from Wandera's mobile data optimization and real-time intelligence, which provides granular control and visibility over their data usage and generates immediate ROI.

As a recent example, the security team at Wandera discovered a serious security hole in the popular NFL Mobile app just days before this year's Big Game between the New England Patriots and Seattle Seahawks. The vulnerability was leaving highly valuable personal information exposed to man-in-the-middle hacker attacks.

"Following the recent Sony Pictures and celebrity iOS hacks, companies are demanding the next generation of mobile security. We have reached a tipping point where businesses must tackle mobile data security threats head-on or face serious repercussions," said Roy Tuvey, President of Wandera. "We're thrilled to add 83North as an investor and this capital will help us grow and scale at a time when mobile attacks are growing exponentially across all smart devices."

The Wandera cloud processes more than 350 million content requests daily for customers with users in 60 countries. Wandera's partner ecosystem includes AT&T, BT and Samsung as well as integrations with MobileIron, AirWatch and Citrix.

"Wandera's proactive security and optimization service powered by its unique cloud gateway architecture goes beyond traditional solutions and gives enterprises the confidence to employ mobility as a key productivity tool," said Erez Ofer of 83North, who will join the Board. "We're pleased to facilitate Wandera's aggressive expansion plans across Europe and particularly in North America where they are already securing mobile devices for some of the world's largest companies and partnering with global telecom carriers and MDM players."

Wandera is the second successful global security venture from brothers Eldar and Roy Tuvey. They previously founded cloud-based web security market leader ScanSafe, which scaled rapidly to thousands of enterprise customers before being acquired by networking leader Cisco in 2010.

For further information please contact:
Erin Lockhart
[email protected]
408.334.5463

About Wandera
Wandera pioneered the Secure Mobile Gateway to address the next generation of enterprise mobility. Businesses use Wandera to protect their mobile data from the latest external threats and optimize data usage to reduce costs. Using a unique multi-level approach that scans data both on device and in the cloud, the gateway is more powerful and proactive than traditional EMM solutions. Businesses benefit from actionable real-time insights while ensuring a completely transparent experience for their end users. Headquartered in San Francisco and London, Wandera is recognised by Gartner as a Cool Vendor in enterprise mobility, and backed by leading venture capitalists Bessemer Venture Partners and 83North. For more information visit the website www.wandera.com, Twitter or LinkedIn.

About 83North
83North, formerly Greylock IL, is a global venture capital firm with more than $550 million under management. 83North invests in European and Israeli entrepreneurs creating global businesses, across all stages of consumer and enterprise companies. 83North is the sum of the latitudes of London and Tel Aviv – the two main hubs of operation of the fund. For more information visit www.83north.com.

About Bessemer Venture Partners
Bessemer Venture Partners (BVP) invests in early-stage and hyper-growth startups, partnering closely with entrepreneurs to build durable businesses. BVP is a global firm with offices in Menlo Park, Cambridge, New York, Bangalore and Herzliya. With $4 billion under management, BVP invests anywhere from $100,000 to $75 million in innovative companies like Pinterest, Twilio, Box, LinkedIn, Shopify, Yelp, Skype and CornerstoneOnDemand. Over 100 BVP companies have gone public—in the last three years alone, BVP has had 36 exits (IPO and M&A) and made new investments in more than 70 companies. Learn more at www.bvp.com and follow us on Twitter @BessemerVP.

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SOURCE Wandera