PGP raises $27.3M more for enteprise data protection
PGP Corp., a Palo Alto, Calif. company that offers protection of enterprise data, said it has raised $27.3 million in a third round of funding.
The statement is here.
Intel Capital and the D. E. Shaw group invested, as well as existing investors DCM and Venrock. It earlier raised $19 million in venture money and $5 million in debt.
From the release:
The company’s vision is to extend key management functionality in the PGP® Encryption Platform to transparently manage third-party devices and software from PGP, ISVs, and customers’ in-house applications. Unified key management, already proven with third-party developers such as Research In Motion, is crucial to Enterprise Data Protection, a new approach to data security that enables enterprises to protect data wherever it goes. Extensible key management also provides lower cost of ownership and lower deployment costs because devices, applications, and data can be protected with a single set of policies.
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Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
