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IronKey raises $22 million

Posted on Saturday, May 08 2010 @ 09:10:11 CEST by

IronKey announced it has closed $22 million in private funding. The company plans to use the money to expand their position in secure virtual computing solutions for enterprises.
IronKey Inc., the maker of secure portable virtual computing systems, today announced the completion of a financing round led by new investor Bridgescale Partners with participation from existing investors Mohr Davidow Ventures and Crosslink Capital. In addition, Matthew Cowan, co-founder of Bridgescale Partners, will join IronKey's Board of Directors. The company's new financing will be utilized to accelerate adoption of IronKey's landmark Trusted Access™ platform; the world's most secure network access and data protection system for enterprises and government agencies.

"We are excited to have Bridgescale join our investor team and welcome Matthew to our board," said David Jevans, co-founder and CEO of IronKey. "This financing will enable us to expand our leadership position in secure virtual computing. Enterprises are under attack from malicious software, compromising the security of personal information and exposing them, their employees and their customers to unprecedented levels of fraud losses. Businesses are increasingly demanding IronKey's unique solutions to address the growing number and sophistication of these threats," Jevans continued.

"The desktop virtualization market could easily grow larger than the market for server virtualization; but unique security challenges must be addressed," said Matthew Cowan of Bridgescale Partners. "IronKey does exactly this, as its Secure Portable Virtualization technology is a critical component in locking down enterprise networks."



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