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.