Corrata, a Dublin-based mobile cybersecurity startup, has raised €1.3m through a financing round lead by Delta Partners.
A number of angel investors also participated in the round, which will be used to support product development, as well as sales and marketing activities.
Maurice Roche, general partner at Delta Partners said: “We’re delighted to be working with Colm (CEO), who lead Delta investee company, Xiam Technology, to its successful exit to Qualcomm. The strength of the technology, the quality of the team and the scale of the opportunity makes this an ideal investment opportunity for Delta.”
Founded in 2016 by Colm Healy and Brendan McDonagh, has developed a technology platform for protecting smartphones and tablets from cyber-attacks. Its technology combines network and device level analytics to offer an ‘unprecedented level of protection’ against the serious threats facing enterprise mobile users today.
These include SMS, messaging and app-based social engineering attacks, mobile malware and insecure Wi-Fi. Corrata claims its technology prevents, detects and blocks such attacks in real-time, with the solution has been designed to support compliance with the soon to be implemented General Data Protection Regulation in particular, by minimising the amount of private data collected.
Healy, added: “Security conscious organisations are increasingly concerned by mobile threats, but struggling to find solutions which deliver effective protection. Our award-winning technology provides the most advanced enterprise protection now available. The funding we announced today positions us on the journey towards becoming the global leader in mobile threat defense.”
In March, mobile phone operator Vodafone launched a new mobile security solution for small and medium-sized enterprises. The solution, VDC, claims to enable businesses to protect and control employees’ mobile device usage and aid GDPR compliance according to Vodafone Ireland.
A month later, Fyde, a cybersecurity company focused protecting mobile devices, emerged from stealth with $3m in seed-stage funding. The Palo Alto, California-based company raised the capital from Draper Nexus and Vertex Ventures.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
