Cloudmark, provider of carrier-grade messaging security, today announced it has secured $23 million in a round of funding led by new investor Summit Partners and joined by Nokia Growth Partners, the venture capital investing arm of Nokia.
Existing investors Ignition Partners and Industry Ventures also participated in the round. The new funding was used to assist in Cloudmark's acquisition of Bizanga and is the first investment Cloudmark has raised since 2004.
"Our goal is to leverage the recently acquired messaging platform and Cloudmark's proven world-class messaging security technology to provide the industry's most powerful, unified messaging security solution for operators. We are delighted to have raised new capital from both Summit Partners and Nokia Growth Partners, and their support and global experience will help guide Cloudmark as we continue our growth into new and existing markets." said Hugh McCartney, CEO of Cloudmark, in a statement.
Cloudmark's carrier-grade software solution delivers spam, phishing and virus protection. The software uses a combination of Advanced Message Fingerprinting technology, real-time corroborated feedback from Cloudmark's Global Threat Network system, automated, anonymous traffic analysis and dedicated security analysis.
"Cloudmark is uniquely positioned to capitalize on this demand based on its ability to deliver carrier-grade messaging security solutions with unrivaled accuracy, scalability and performance. Nokia Growth Partners invests in best-of-breed mobile services and technology companies with significant potential for future growth and industry leadership," said John Gardner, managing partner at Nokia Growth Partners, in a statement.