MobileIron raises $20 Million in Series D Funding
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Santa Clara: California-based, MobileIron, an enterprise for management and security for mobile devices and applications, raised $20 million in series D funding. The company added 200 enterprise customers in 90 days and increased its workforce by 30 percent. The four current investors, Foundation Capital, Norwest Venture Partners, Sequoia Capital and Storm Ventures, participated in the round of funding. The fund will be used to drive rapid global growth, pacify initiatives for existing and emerging mobile platforms and meet the rapidly growing worldwide market demand for mobile device management and security. Co-Founded by Suresh Batchu and Ajay Mishra, in 2007, the company has its U.S. headquarters in Mountain View, California, while EMEA headquarters is in the Netherlands. They have a development office in Hyderabad. The team comprises of software veterans who believe smartphones will become the pervasive computing platform for the mobile worker. The company provides the foundation to manage corporate data on mobile devices and an Enterprise App Storefront for application discovery and deployment. In the month of April, MobileIron was positioned in the Leaders quadrant of Gartner's Magic Quadrant for Mobile Device Management Software 2011. Bob Tinker, CEO, MobileIron, said that the company manages some of the largest iOS and Android deployments in the world and from what they have seen among their customers and channel partners. They are investing in growth to be the go-to leader for enterprise customers for mobile management, security and apps. The Company solves the problems that CIOs face as business data, and applications move to smartphones and tablets. Foundation Capital is a venture capital firm focusing on innovative opportunities in cleantech, consumer Internet and Infrastructure, telecommunications and networking and enterprise software and on-demand services. It maintains investments in nearly 70 ventures including Calix, Financial Engines, Netflix and Silver Spring Networks. Norwest Venture Partners is a global investment firm that manages more than $3.7 billion in capital. Headquartered in Palo Alto, California, the firm has subsidiaries in Mumbai and Bangalore, India and Herzelia, Israel. It makes early to late stage venture and growth equity investments in U.S. and global companies across a wide range of sectors including information technology, business services, financial services, infrastructure, technology enabled services and consumer. Sequoia Capital provides venture funding to founders of startups who want to turn business ideas into enduring companies. They have worked with innovators such as Steve Jobs of Apple Computer, Larry Ellison of Oracle, Bob Swanson of Linear Technology and many more. A group of industry veterans with the common vision of sharing the collective experience, passion and energy to help talented founded Storm Ventures in 2000. They focuses on seed and early stage information technology companies, which best advantages the team's operational perspective and experience.

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