MAVA Member JMI Equity Invests $49M in Avecto
As 2015 comes to an end, security still remainspopular with investors, with yet another startup—endpoint security software firm Avecto—recently receiving $49 million in funding from JMI Equity to continue its growth.
Avecto, based in Manchester, United Kingdom, with a U.S. headquarters in Boston, offers an endpoint security and protection solution called Defendpoint that takes a three-pronged approach to keeping computers, devices and servers secure, according to the company. The technology uses privilege management to control and remove administrator rights; application control to dynamically allow approved applications to run; and a technique called sandboxing to isolate threats.
“Enterprises are struggling to provide security on their endpoints while simultaneously ensuring a positive user experience,” said Jit Sinha, general partner at JMI Equity.