BYOD security startup Armor5 raises $2 million from Citrix-led group
Armor5, a cloud-based BYOD security startup, has raised $2 million in seed financing from Citrix Startup Accelerator, Nexus Venture Partners and Trinity Ventures.
Armor5 said it offers a "zero touch" security service to safeguard intranet, cloud data and applications by ensuring that content from these systems does not reside on the end-user devices.
Citrix Startup Accelerator is virtualization firm Citrix's venture capital arm, which invests in early-stage enterprise and infrastructure startups.
The seed funding's valuation is capped in the neighborhood of $10 million, Armor5 Chief Executive Suresh Balasubramanian was quoted by Dow Jones as saying.
Sunil Agrawal, who previously worked at Adobe, is now the company's chief technology officer. He recently wrote in a blog:
"The fundamental assumption is flawed that intranet or SaaS [software-as-a-service] is thoroughly sanitized. If perimeter defenses were that effective, one would not need anti-virus, firewall or other security software on devices. There are many instances of an individual user getting infected, and ending up infecting the company's intranet."
The Armor5 service works by converting PDF files, Word PowerPoint, Excel and other file formats to HTML on its server and then only sending the HTML to the end-user's device. This ensures that sensitive corporate content is not allowed onto the device.
The Armor5 service can be deployed without mobile client software installation, mobile security agencies, or IT configuration. Using the Armor5 dashboard, IT can monitor and manage end-users, devices and documents, and ensure BYOD policies and compliance standards are being met while providing analytics for auditing and reporting.