Photo Credit: Movius
Movius, an Atlanta-based cloud-based mobile communications company, announced it has raised $45 million in Series D funding led by new investor JPMorgan Chase & Co. Existing investors PointGuard Ventures, New Enterprise Associates, and Anschutz Investment Company also participated in this round. Including this round, Movius has raised $91 million in total funding.
This round of funding will be used for supporting a number of initiatives as Movius accelerates its global expansion especially in Europe and Asia. And the funding will be used for accelerating its product roadmap and for scaling to meet the mobility needs of businesses for compliance, cost-savings, and customer engagement as a new generation of employees are expecting to use one mobile device that is able to separate personal and work lives seamlessly and securely.
“We’re excited to partner with JPMorgan Chase – a global visionary in financial services and a leader in embracing secure, seamless solutions for our mobile age,” said Movius CEO John Loiacono (JohnnyL) in a statement. “This investment is particularly important as a testament to the power of our solution to simplify the complex needs of the financial services sector and other key markets around the globe. There is simply nothing like what we’ve built.”
Movius also just announced that Hyperloop Transportation Technologies and former technology investment banking leader Sanjay Jain is joining the board of directors at the company as an independent director. Prior to Hyperloop, Jain spent over 20 years at JPMorgan Chase & Co. as head of technology banking in EMEA and advised on more than $200 billion worth of capital-raising and corporate strategic transactions.
“Across the board, financial services firms are finding that customers and employees alike expect to communicate conveniently on their mobile devices,” added JPMorgan managing director and head of Global Technology Strategy, Innovation and Partnership Larry Feinsmith. “This strategic investment in Movius will help remove friction and better enable employees to be more productive and communicate securely via their mobile devices.”
