Mocana, a San Francisco, CA-based security software company that delivers comprehensive protection for smart devices, has received a strategic investment from Symantec Corp. Existing institutional investors Southern Cross Venture Partners and Shasta Ventures also participated in the investment.
In conjunction with the investment, Symantec will take a seat on the company’s board.
In conjunction with the investment, Symantec will take a seat on the company’s board.
The capital infusion will be used to expand Mocana’s product lines, its international presence and increase marketing activities. As also stated by CEO Adrian Turner, “The Symantec investment will help Mocana cement its position as a leader in securing smart devices”.
In addition, Symantec and Mocana have signed a technology partnership in an effort to extend security services to connected non-PC “Smart Devices”, which, including smartphones, represent a $900bn hardware, software and services market.
FinSMEs
01/06/2010