Zimperium Raises $25M for Mobile Security Tech
The security firm that first discovered the Stagefright vulnerability is expanding its global footprint.Mobile security vendor Zimperium announced on June 7 that it raised $25 million in a Series C round of funding, bringing total funding to date for the company up to $43.5 million. The company will use the new funding to expand its global operations and invest in new technology development. Zimperium was founded in 2010 by Israeli security researcher Zuk Avraham and first gained notoriety with the release of its Android Network Toolkit (ANTI), which has since been renamed zANTI, providing mobile penetration capabilities. In July 2015, Zimperium researcher Joshua Drake discovered and reported the Stagefright vulnerabilities in Android, helping to propel the company's brand and its fortunes. "We believe we have a significant lead on our competition, and we want to invest in new products and spend more on our security as well as research and development," Shridhar Mittal, CEO of Zimperium, told eWEEK. Zimperium has a good set of customers and is growing, thanks in part to an expanding list of telecom carrier partnerships, including Deutsche Telekom in Germany and Telestra in Australia, Mittal said. While Zimperium does not sell commercial support for its zANTI mobile penetration testing platform, instead offering it as a freely available product, it does sell its zIPS mobile intrusion prevention system and its zIAP in-app protection software.
Stagefright Discovery a Milestone