Cellrox Secures $4.7M in Series A Financing Led by Runa Capital
TEL AVIV, Israel, January 21, 2013 – Cellrox, a leader in BYOD Multi-Persona solutions for mobile devices, announced today the completion of Series A financing led by international venture capital firm Runa Capital.
The $4.7 million round also includes commitments from existing investors: Previz Venture Partners, Columbia Technology Ventures, and others.
Cellrox will use the financing to extend its collaboration with OEMs and operators for installation in tier-one enterprises around the world. Cellrox delivers the next generation of technology that enables employees and corporations to share a single fully functional mobile device without compromising security, performance or user experience.
By creating an impenetrable wall between the employee's applications and the company's data and applications, Cellrox focuses on proactive security and application transparency all in a single swipe– one phone, two or more personas. The company has a different approach to the BYOD market to allow one phone to co-host two or more completely independent and secure virtual environments that coexist on a single Android mobile device.
"We are pleased to complete this financing that will allow us to extend our capabilities and continue to deliver a leading BYOD solution for our partners and customers," said Omer Eiferman, CEO of Cellrox. "We see a huge opportunity in 2013 due to the increased focus on mobile vulnerabilities, employee privacy and device performance."
"Runa Capital DNA includes strong virtualization experiences and practical delivery from technology to a leading product. It is rare to find a VC team with such extraordinary experience in technology and products in our domain," Eiferman added.
"Cellrox solutions have been successfully installed in tier-one enterprises worldwide and continue to see a strong demand for mobile virtualization and multi-persona capabilities, particularly with the business/private use-case," said Dmitry Chikhachev, managing partner at Runa Capital. "The future for mobile virtualization is even broader compared to servers and desktop virtualization. Cellrox technology is positioned to be the winner."
Cellrox provides the best of breed solution for the adoption of smart mobile devices- phones and tablets– by corporate IT departments. The company's award-winning ThinVisor technology enables co-hosting of two or more individual, independent and secure virtual environments on a single mobile device. Cellrox was founded in 2011 by seasoned entrepreneurs and technology leaders. The company is privately held with headquarters located in Israel. For additional information, please visit www.cellrox.com or follow Cellrox on Twitter @Cellrox.
About Runa Capital
Runa Capital is a technology-focused venture capital firm whose investments have created or incubated companies with more than US$10 billion in assets. It was established to seek growth opportunities in the rapidly growing areas of the tech sector, with specific focus on cloud computing and other hosted services, virtualization and mobile applications. The key execution point is to select promising teams and drive and support them in the global marketplace, turning them into international champions. Runa Capital's investments announced to date include: ThinkGrid(acquired by Colt), Nginx, Talkbits, Jelastic, Metabar, Travelmenu, BigTime® Software, Ecwid, StopTheHacker, Capptain, B2B-Center, Infratel, Domosite.ru, Eruditor Group and LinguaLeo. For more information, please visit www.runacap.com