Bromium Inc has raised $40 million in funding. The investment round was led by existing investors and also included Silver Lake Waterman. Cupertino, California-based Bromium, a provider of cybersecurity software, said total investment comes to $115 million. Prior investors include by Andreessen Horowitz, Ignition Partners, Highland Capital Partners, Intel Capital, Lightspeed Venture Partners and Meritech Capital Partners.
CUPERTINO, Calif. — March 24, 2016 — Bromium®, Inc., the pioneer of next-generation endpoint protection using virtualization, today announced it secured an additional investment of $40 million to fund its continued growth in the enterprise endpoint security market. This brings the total investment in Bromium to $115 million. The investment round was led by existing investors and also included Silver Lake Waterman. The company plans to use the new funds to increase its sales and marketing efforts globally, and to open offices in Germany, Benelux and the Nordics. Bromium also announced an expanded executive team, including CFO Earl Charles, SVP of Worldwide Sales David Weier, and VP and General Counsel Jan Kang. Additionally, the company announced significant corporate momentum over the last year, including 120 percent bookings growth.
Founded in 2011 and backed by Andreessen Horowitz, Ignition Partners, Highland Capital Partners, Intel Capital, Lightspeed Venture Partners and Meritech Capital Partners, Bromium has developed the industry’s only endpoint protection product that is secure by design — without relying on signatures or heuristics. The company’s core technology — micro-virtualization — relies on endpoint CPU virtualization to isolate attack vectors, eliminate breaches and offer detailed forensic insights into each attack.
“Enterprises realize traditional perimeter defenses can’t protect them against today’s polymorphic attacks that are designed to bypass legacy detection-centric endpoint protection products,” said Ian Pratt, co-founder and CEO of Bromium. “Bromium is growing fast because our Advanced Endpoint Security platform offers unparalleled bare-metal protection. We are positioned for strong growth with our uniquely differentiated technology and products. This funding and the addition of Earl, David and Jan will allow us to accelerate our growth and innovation at a time when enterprise and government organizations need more trustworthy protection.”
Bromium has emerged as the leading vendor of next-generation endpoint protection, recording over 100 percent bookings growth per year for the last three years. Bromium customers include Fortune 1000 organizations and government agencies in North America and Western and Northern Europe. The company supports four of the world’s top five commercial banks, two of the three largest health insurance providers, and one of the world’s largest oil and gas companies as its customers.
NEW BROMIUM LEADERSHIP
Bromium has appointed Earl Charles to CFO, where he will manage the financial functions of the company. Prior to Bromium, Charles was CFO of AOptix Technologies, Inc., where he led and negotiated several funding rounds and acquisitions in excess of $100 million. Charles also served as CFO of XenSource.
David Weier has joined Bromium as senior vice president of worldwide sales, where he will manage the sales team in delivering further, rapid growth. Prior to Bromium, Weier was SVP of global sales and business development at Norse. Weier also served as vice president of worldwide sales at Synack.
Jan Kang has joined Bromium as vice president and general counsel, and she will manage the legal and compliance functions of the company. Prior to Bromium, Kang was vice president and general counsel of AOptix.
In February, Bromium introduced Bromium Advanced Endpoint Security, which addresses the entire threat lifecycle, delivering proactive CPU-enforced protection, continuous detection and real-time threat analysis to respond to potential attacks. Bromium Advanced Endpoint Security leverages micro-virtualization to isolate zero-day attacks and advanced persistent threats (APTs) and eliminate breaches even on unpatched systems and untrusted networks. Bromium enables information security teams to work more efficiently on strategic projects by eliminating the cost and complexity of responding to false alerts, urgently patching vulnerabilities and re-imaging compromised endpoints.
To learn more about Bromium, please visit https://www.bromium.com/
About Bromium, Inc.
Bromium has pioneered the next generation of endpoint security that eliminates breaches. Just as virtualization transformed IT, Bromium is transforming security with its unique micro-virtualization technology. Bromium provides the world&rquo;s most advanced endpoint security, even against the most sophisticated zero-day malware. Unlike traditional security technologies, such as antivirus or virtual containers, which rely on ineffective detection techniques, Bromium&rquo;s solution automatically isolates each user-task in a lightweight, CPU-enforced micro-VM. This enables users to click on anything without risk of compromise, protecting the enterprise. Bromium’s technological innovations have earned the company numerous industry awards. Bromium counts a rapidly growing set of Fortune 500 companies and government agencies as customers. Visit us athttps://www.bromium.com.