Skycure raises $16.5M

What does Skycure do?
Skycure, is the leader in mobile threat defense. It is a predictive mobile threat defense company with proactive defense solutions which detect and prevent mobile cyberattacks actively. The company offers tech which provides holistic and seamless solution for organizations’ mobile security requirements. The company preserves user privacy and experience and reduces the burden on IT. The company’s mission is securing both BYO and corporate owned mobile devices for allowing companies in mobilizing without compromise. It close the mobile security gaps in companies for protecting against network based threats, vulnerability exploits, malware, and other targeted attacks arising from both external and internal sources.
How much Skycure was funded?
The company raised $16.5M in Series B on July 19, 2016 from New York Life Insurance Co, Michael Weider, Lane Bess, Pitango Venture Capital, Peter McKay, Foundation Capital and Shasta Ventures.

Previous funding
$3M on November 13, 2012 from Pitango Venture Capital
$8M in Series A on March 24, 2015 on Shasta Ventures, New York Life Investment Management and Pitango Venture Capital.
What is next for Skycure?
The company plans to use the funding for expanding the company’s presence in APAC and EMEA, broadening its foothold with Global 100 customers, and investing in further developing the company’s award winning mobile threat defense platform. Lane Bass, former CEO of Palo Alto Networks has joined this company as a private investor. Paul Holland, Foundation Capital’s general partner as the company’s board of directors.
More about Skycure
Skycure was founded in 2012 by Yair Amit and Adi Sharabani. It has its headquarters in Palo Alto, CA. The company’s patented technology uses a dual protection mechanizm which consists of a client side module which resided on the device and protects around the clock, together with a server side service which provides heavy lifting analysis.