Security company Bromium recently announced that it has raised $40 million in a Series C funding round led by new investor Meritech Capital Partners, with participation from existing investors Andreessen Horowitz, Ignition Partners, Highland Capital Partners and Intel Capital.

"Bromium is privileged to be working with a group of investors who are committed to building a company that is transforming cyber-security -- without relying on ineffective, legacy detection-centric techniques," Bromium co-founder and CEO Gaurav Banga said in a statement.

According to the company, the new funds will be used for continued product development and to accelerate sales in North America, EMEA, Japan and APAC.


Meritech Capital managing director Rob Ward will join Bromium's board of directors.

"Rapid adoption of cloud computing, mobility and consumerization leave enterprises more vulnerable than ever, at a time when cybercrime is at an all-time high," Ward said in a statement. "Bromium is uniquely positioned to transform enterprise security. Its technology is revolutionary -- as profoundly important for security as virtualization was for the data center. It adds durable protection against advanced malware to every end point, and provides unparalleled insights into malware intent."

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