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Mocana Receives Investment from Intel Capital

2011-09-01
Company focuses on mobile and smart device security.
SANTA CLARA, CA, Mocana Corporation, a company that focuses on mobile and smart device security, has announced that it has received a strategic investment from Intel Capital, Intel's global investment organization.

The investment in Mocana and the business collaboration with Intel underlines the fundamental importance of security in the burgeoning "Internet of Things" and will help to accelerate new Smart Device markets, including smartphones, medical devices, industrial automation, sensors, smart grid, automotive, connected home appliances, game consoles, televisions, set-top boxes and consumer electronics, to name just a few.

Mocana, a closely-held San Francisco firm which launched in 2004, has enjoyed impressive year-over-year growth. Over 150 companies have already licensed Mocana's solutions, which is a combination of software resident on the device and context-intelligent security services delivered from the cloud. Mocana's platform approach protects not only the devices, but the applications and services that run across them as well. Mocana's customers include Intel, General Electric, Cisco, Honeywell, General Dynamics, Freescale Semiconductor, Samsung, LG, Good and Siemens, among others. Mocana technology secures devices ranging from Android smartphones for consumers, to smart-grid infrastructure devices for utilities, medical devices and even unmanned aerial vehicles (UAV's).

Intel Capital's investment joins institutional investors Shasta Venture Capital and Southern Cross Venture Partners. Mocana also received early strategic investment from Symantec Corp., a global leader in providing security, storage and systems management solutions.

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