Mocana raises $25M to secure the enterprise app boom

While securing devices is Mocana’s biggest business, the fastest growing product is Mocana’s solution for protecting mobile applications.
Security in the age of bring-your-own-device and the Internet of things is making life more difficult for IT managers, who have to secure not just an exploding number of devices but also the applications and software that runs on them. But that, in turn, is opening up more opportunities for companies like Mocana, a security specialist that is announcing $25 million in new funding.

Mocana’s Series D round is being led by Trident Capital with participation from current investors Intel Capital, Shasta, Southern Cross and Symantec. The new money, which comes on top of $22 million previously raised, will be used to help Mocana further pursue its two main lines of business.

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