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MobileIron Raises $11M in Series B Funding, Co-Led by Norwest Venture Partners, Sequoia Capital, and Storm Ventures
MobileIron, a company dedicated to making smartphones enterprise-ready, today announced its $11M Series B financing round. The round was co-led by Norwest Venture Partners, Sequoia Capital, and Storm Ventures.

MobileIron solves the new problems CIOs face as enterprise data moves to the smartphone. MobileIron’s Virtual Smartphone Platform uses proprietary mobile data virtualization technology to provide both smartphone management and real-time wireless cost control to IT and end-users.

“The smartphone opportunity is enormous,” says Gaurav Garg, Partner at Sequoia Capital. “MobileIron’s innovative technology positions it to play a pivotal role in the expansion of smartphones in the enterprise.”

“We’ve backed this team before and we are confident they can create the same level of success at MobileIron,” adds Matt Howard, General Partner at Norwest Venture Partners (NVP). “The team’s deep experience in both mobility and building enterprise-class products enables them to fill a critical void in the market with the MobileIron Virtual Smartphone Platform.”

Tae Hea Nahm, Managing Director at Storm Ventures, has advised the company since inception. “MobileIron was incubated at Storm in 2007 with the goal of solving the new smartphone challenges that legacy technologies can’t handle,” he notes.

“MobileIron’s mission is to enable our customers to embrace smartphones throughout their organizations,” says Bob Tinker, CEO of MobileIron. “Our partnerships with Norwest, Sequoia, and Storm play an important role in our ability to do this.”

Published Monday, August 17, 2009 6:32 PM by David Marshall
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MobileIron Raises $11M in Series B Funding, Co-Led by Norwest … - Roca News - (Author's Link) - August 17, 2009 7:48 PM
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