CUPERTINO — Bromium, the pioneer of next-generation endpoint protection using virtualization, has secured an additional investment of $40 million to fund its continued growth in the enterprise endpoint security market. This brings the total investment in Bromium to date at $115 million. The investment round was led by existing investors and also included Silver Lake Waterman. The company plans to use the new funds to increase its sales and marketing efforts globally, and to open offices in Germany, Benelux and the Nordics.
Bromium also announced an expanded executive team, including CFO Earl Charles, SVP of Worldwide Sales David Weier, and VP and General Counsel Jan Kang. Additionally, the company announced significant corporate momentum over the last year, including 120 percent bookings growth.
Founded in 2011 and backed by Andreessen Horowitz, Ignition Partners, Highland Capital Partners, Intel Capital, Lightspeed Venture Partners and Meritech Capital Partners, Bromium has developed the industry’s only endpoint protection product that is secure by design — without relying on signatures or heuristics. The company’s core technology — micro-virtualization — relies on endpoint CPU virtualization to isolate attack vectors, eliminate breaches and offer detailed forensic insights into each attack.
“Enterprises realize traditional perimeter defenses can’t protect them against today’s polymorphic attacks that are designed to bypass legacy detection-centric endpoint protection products,” said Ian Pratt, co-founder and CEO of Bromium. “Bromium is growing fast because our Advanced Endpoint Security platform offers unparalleled bare-metal protection. We are positioned for strong growth with our uniquely differentiated technology and products. This funding and the addition of Earl, David and Jan will allow us to accelerate our growth and innovation at a time when enterprise and government organizations need more trustworthy protection.”
Bromium has emerged as the leading vendor of next-generation endpoint protection, recording over 100 percent bookings growth per year for the last three years. Bromium customers include Fortune 1000 organizations and government agencies in North America and Western and Northern Europe. The company supports four of the world’s top five commercial banks, two of the three largest health insurance providers, and one of the world’s largest oil and gas companies as its customers.