MobileIron raises $20 million in Series D
Date: Monday , June 06, 2011
MobileIron, an enterprise management and security provider for mobile devices and apps, closed a Series D growth financing round with $20 million investment. All four of MobileIron’s current investors, Foundation Capital, Norwest Venture Partners, Sequoia Capital and Storm Ventures, participated in this round. The funding will be used to drive rapid global growth, accelerate initiatives for existing and emerging mobile platforms, and meet the rapidly growing worldwide market demand for mobile device management and security.
As businesses become increasingly mobile, IT needs to support multiple operating systems at scale, ensure enterprise data is secure on both corporate and employee-owned devices, and build and deliver mobile apps. MobileIron provides the foundation to manage corporate data on mobile devices, and an Enterprise App Storefront for app discovery and deployment.
Founded by Suresh Batchu and Ajay Mishra, the company saw explosive growth, adding 200 enterprise customers in 90 days and increasing its workforce by 30 percent. "MobileIron manages some of the largest iOS and Android deployments in the world and, from what we’ve seen among our customers and channel partners, this is only the beginning," says Bob Tinker, CEO, MobileIron. "We are investing in growth to be the go-to leader for enterprise customers for mobile management, security and apps," he adds.