June 8, 2016 Comments Off on Zimperium closes $25 million Series C funding
Mobile security threats will continue to grow as more and more people start shopping and paying their bills using mobile devices. Some of the mobile threats out there are malware, infected apps, device vulnerabilities and unreliable Wi-Fi sources. As mobile threats become more sophisticated, mobile security companies have upped their game and according to research firm Canalys, the sector is estimated to grow an average of 44.2% per year. This week, the latest mobile security company to receive funding was Zimperium, which received $25 million in Series C funding led by Warburg Pincus. The company plans to use the funds to expand its global customer presence and enhance product development.
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