Mobile security solutions provider Discretix has raised $20 million from Sequoia Capital

noreply@blogspirit.com (ARPU~UP) — Wed, 10 Jan 2007 22:40:00 +0100

Discretix, a provider of embedded security solutions for mobile devices and flash memory, has raised $20 million in third round financing from Sequoia Capital and all current Discretix investors. Discretix plans to use this new capital to aggressively pursue content protection solutions for the mobile content and enterprise markets.

“Discretix is recognized as a global mobile security technology leader. The company is now entering a growth phase that puts it at the heart of one of the fastest-growing segments of the communications industry,” said Randy Ditzler partner with Sequoia Capital. “We believe Discretix’ solutions will be of great value to content providers, as they are today to semiconductor vendors, handset manufacturers and software application providers.”

Discretix technology, which incorporates both hardware and software components, enables security to be incorporated into products at the chipset level, making it transparent to the end-user while protecting sensitive information from malicious attacks, viruses, fraud, and theft. Discretix solutions are licensed by industry leaders including Ericsson Mobile Platforms, Sony Ericsson Mobile Communications, Renesas Technology, Philips Semiconductors, SanDisk, Agere Systems and Arima Communications.

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Mobile security solutions provider Discretix has raised $20 million from Sequoia Capital