AppGuard has closed a series B funding round, securing $ 30 million to increase growth within the enterprise and SMB markets.
On Thursday, AppGuard stated the newest financing circular, led through Japan’s JTB service provider, has raised satisfactory to finished the acquisition of KeepTree, first introduced back in 2013.
KeepTree is a relaxed video communication know-how issuer which also works with the united states military to supply a free verbal exchange platform for troopers called TroopTree.
The contract will see KeepTree’s FutureSend technology, used to checklist and agenda video birth, integrated with Blue Planet-works’ comfy communication systems.
moreover wrapping up the acquisition, the endpoint insurance policy enterprise noted the cash injection can be used to raise AppGuard’s brand recognition in each enterprise and SMB markets.
Chantilly, VA-based AppGuard has managed to comfy a total of $ 100 million in funding so far.
A sequence A funding circular, completed in April this 12 months, contributed over $ 65 million to AppGuard’s dad or mum business, Blue Planet-works, and turned into raised by way of a consortium of buyers together with ANA airlines, Dai Ichi life insurance, and Dentsu. This funding was earmarked for a brand relaunch.
according to AppGuard, KeepTree CEO Jon Loew has additionally been appointed as the new chief executive of AppGuard, and should also serve as world CMO and Board Director of guardian enterprise Blue Planet Works.
different KeepTree executives will even be becoming a member of the team.
“today’s subtle protection threats have rendered natural detection-based security software pretty much useless and has forced the world to search for innovative new endpoint safety solutions like AppGuard.” noted Loew. “AppGuard’s dynamic isolation strategy to cyber safety is the definition of disruptive. There isn’t a big enterprise accessible who would not benefit from our expertise.”
previous this month, Vantiv finalized the acquisition of charge processing business WorldPay in a deal price $ 10.four billion.