Google Ventures leads USD 12 million Series B funding round for Enterproid
Enterproid closed its Series B funding with USD 12 million. Google Ventures led the round. Enterproid's other existing investors, Comcast Ventures and Qualcomm Ventures, also participated in the round. New investors Globespan Capital Partners and Harmony Partners also supported Enterproid. The proceeds from the latest round had brought Enterproid's total funding to USD 25 million.
Enterproid is the developer of Divide, a secure mobile platform for "bring your own device" or BYOD solutions. The app has been used by healthcare and technology and financial companies, and is also patronized by small and medium-sized firms and federal agencies.
Divide CEO Andrew Toy said, "Divide provides a simple, secure and standardized solution for BYOD that is unique in its ability to win over both IT decision makers and employees. We're taking this opportunity to embrace the Divide name, which best embodies the work we do in securing business data on employee-owned devices. Our mission has resonated with hundreds of enterprises looking for a better mobility solution for solving BYOD."