iVerify, a leader in advanced mobile EDR solutions, announced the closing of $12 million in Series A funding led by Shine Capital with participation from Exponential Founders Capital, Mischief Ventures, Box Group, Parameter Ventures, Talons Ventures, and Trail of Bits.
This new funding round will scale the company’s go-to-market operations and bring the full potential of mobile EDR – including automated response and remediation capabilities – to the Fortune 100. And Alex Hartz, Partner at Shine Capital, will join iVerify’s board of directors. This investment brings the company’s total funding to over $16 million.
In under a year, iVerify launched a pair of premium products for enterprise customers that combine threat detection and mobile forensics with automated response and remediation, along with an innovative new Vulnerability Management capability for the highly fractured Android market. Earlier this month, the company released new features to protect against smishing and access to company data by compromised devices.
There is a gap in the market for solutions that exceed traditional Mobile Threat Detection (MTD) by integrating mobile forensics and response capabilities. And organizations can now do more than simply detect threats as they can act on them to reduce or eliminate the impact of compromised BYOD and corporate-owned mobile phones.
This is the company’s enterprise portfolio:
iVerify EDR – Offers enterprise-level protection against sophisticated threats including mobile malware, unpatched vulnerabilities, SMS phishing, and privileged access. And iVerify EDR enables security teams to monitor the health of devices accessing corporate systems and databases using the iVerify dashboard or through API integrations with your SIEM or SOAR without MDM required.
iVerify Elite – This is iVerify’s most advanced level of protection with all the capabilities of iVerify EDR plus our proprietary threat hunting.
KEY QUOTES:
“The mobile security industry has not kept up with the rise of the global and remote workforce or emerging mobile threats due to AI. iVerify is a significant step forward for the industry. Their unique mobile EDR is a comprehensive mobile security product built on a strong foundation of threat detection capabilities previously only accessible to advanced researchers.”
– Alex Hartz, Partner at Shine Capital
“iVerify is the clear choice for mobile security because it gives users rapid guidance and assurance while respecting their autonomy and privacy.”
– Leigh Honeywell, CEO of personal security startup Tall Poppy
“Attackers take advantage of the fact that companies lack control on employee phones. Employees don’t even need to be targeted anymore. Social engineering and phishing attacks on mobile phones are happening en masse – you’re just a number to these attackers. That’s why everybody should be running iVerify.”
– Caleb Sima, former CSO of Robinhood and co-founder of Bluebox Security
