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Smartphone security co Cellrox raises $4.7m
[January 22, 2013]

Smartphone security co Cellrox raises $4.7m

Jan 22, 2013 (Globes - McClatchy-Tribune Information Services via COMTEX) -- Cellrox, which develops Bring Your Own Device (BYOD) multi-persona solutions for mobile devices, announced today the completion of Series A financing round led by international venture capital firm Runa Capital and including existing investors Previz Venture Partners, Columbia Technology Ventures, and others.

Cellrox said that it will use the financing to extend its collaboration with OEMs and operators for installation in tier-one enterprises around the world. Cellrox delivers the next generation of technology that enables employees and corporations to share a single fully functional mobile device without compromising security, performance or user experience.

Cellrox's technology creates an impenetrable wall between the employee's applications and the company's data and applications. The company focuses on proactive security and application transparency all in a single swipe -- one phone, two or more personas. The company has a different approach to the BYOD market to allow one phone to co-host two or more completely independent and secure virtual environments that coexist on a single Android mobile device.

Cellrox CEO Omer Eiferman said, "We see a huge opportunity in 2013 due to the increased focus on mobile vulnerabilities, employee privacy and device performance." Runa Capital managing partner Dmitry Chikhachev said, "Cellrox solutions have been successfully installed in tier-one enterprises worldwide and continue to see a strong demand for mobile virtualization and multi-persona capabilities, particularly with the business/private use-case. The future for mobile virtualization is even broader compared to servers and desktop virtualization. Cellrox technology is positioned to be the winner." Cellrox was founded in 2011 and is based in Tel Aviv.

___ (c)2013 the Globes (Tel Aviv, Israel) Visit the Globes (Tel Aviv, Israel) at fid=942 Distributed by MCT Information Services

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