V-Key Inc., a maker of mobile application intrusion protection, has raised a $4 million Series A round. IPV Capital provided the round, which will be used for research and development, as well as sales.
V-Key Inc., a pioneer and inventor of mobile application intrusion protection and intelligence, today announced it has secured Series A funding of US$4 million from IPV Capital, a leading early growth venture capital fund based in China with global offices in Shanghai, Beijing and Silicon Valley.
The fund will be used to widen the startup’s research and development capabilities in mobile applications security and intelligence technology, as well as to expand V-Key’s global sales and support operations in the United States and Asia Pacific. Today’s funding announcement underscores V-Key’s technological vision and the ease of use of its advanced solutions.
Traditional strategies to enterprise mobile security involve three areas: mobile data protection, network access control and mobile device management tools. V-Key offers an alternative approach by ensuring security at the mobile applications level.
Mobile applications often hold sensitive business-critical mobile transactions and data for users and enterprises. Custom targeted and automated attacks on mobile devices and applications are the fastest growing area of new attacks around the globe. V-Key’s V-Guard suite of mobile apps security solution provides multiple layers of detection to protect against threats of known and unknown application-level attacks. Through a unique combination of heuristic correlation algorithms and cutting edge secure mobile virtual machine firewall wrapper, V-Guard offers secure mobile protection in a user-friendly package for both users and enterprises.
Benjamin Mah, CEO and Co-founder of V-Key, said: “V-Key’s advanced detection, protection and intelligence at the mobile apps level is the next generation approach to defend against rapid mobile threats, yet delivers the desired results of simplicity, reliability and scalability to mobile business applications. We have a strong pipeline of innovations and will leverage this round of funding to speed our commercial efforts and gain wider customer adoption.”
“The growing use of mobile devices at the enterprise and consumer levels forms a sizeable market opportunity for advanced mobile apps security solutions. V-Key, with its market-defining technology and experienced executive management, is poised to create a paradigm shift in how organizations think about mobile security, and we are excited to be part of that,” said Terence Tan, Managing Partner at IPV Capital.
About IPV Capital
IPV Capital is an early growth venture capital fund that invests in high-growth technology sectors including software, cleantech, technology services and semiconductor. With offices in Beijing, Shanghai and Silicon Valley, IPV Capital brings its wealth of management and technology development experience to mentor a new breed of entrepreneurs with global aspirations. The IPV Capital team has a solid track record in successfully growing technology startups in China and beyond, making it the ideal go-to partner for investment in the country. For more information, see www.ipvcap.com.
About V-Key Inc.
V-Key focuses on mobile application threat research, protection, and intelligence solutions. V-Key researches into the latest mobile threats and delivers advanced protections to meet the evolving mobile application threat landscape, powered by its patent pending V-OS secure mobile middleware and V-Guard suite of products.