Mocana raises $15 million in funding led by GE

Posted Dec 14, 2013

Mocana is a mobile enterprise company that has raised $15 million in funding led by GE Ventures. Shasta Ventures, Southern Cross Venture Partners, Symantec, and Trident Capital also participated in this round. Mocana has now raised a total of over $62 million in funding.

?Mocana?s world-class technology is part of the innovation we are seeing in how services are built and deployed to accelerate the growth of the Industrial Internet and drive a productivity revolution,? stated Brett May, Head of Ventures and Business Development, GE Software. ?With the increasing proliferation of sensitive data from numerous types of machines and devices, security remains paramount. We are impressed with Mocana?s strong management team and their offering, which we believe will help to better secure the technologies and services we are building for our industrial customers.?

Mocana security technology is used on millions of devices around the world. Over 300 device manufacturers depend on Mocana’s cryptography engines to protect medical devices, consumer electronics, and industrial machinery. Some of their customers include Panasonic, Cisco, Honeywell, and GE.