Mocana provides device security solutions for IoT and industrial control systems, including its TrustCenter™ and TrustPoint™ products that automate and simplify the IoT security lifecycle. The platform complements IT and OT security technologies and enables endpoints and gateways to defend themselves with on-device cryptographic controls designed for mission-critical systems with limited memory and processing capability. The company protects more than 100 million devices across aerospace, industrial, energy, healthcare, and communications customers, including ABB, rtGE, HP, Intel, Schneider Electric, Verizon, and Xerox. Founded in 2002 and led by CEO William Diotte, Mocana is based in Sunnyvale, California. It raised the first close of a $15m financing and has raised $105m in total funding to date. The company intends to use the new funds to accelerate development of its TrustCenter IoT device security platform. Mocana Corporation is a San Francisco-based provider of mission-critical IoT security solutions for industrial control systems and the Internet of Things. Its platform secures devices from the endpoint to the gateway to the cloud by protecting the boot process and firmware and securing data transmission between device, gateway and cloud. The company serves hundreds of industrial manufacturing and IoT customers, including GE, General Dynamics, Panasonic, Schneider Electric, Siemens and Yokogawa. Founded in 2002 and led by CEO William Diotte, Mocana focuses on ensuring that both devices and their data can be trusted. It has raised $93.6M in total funding to date and reported a new $11M funding round. The company said it will use the capital to accelerate innovation and drive growth. Mocana offers a Mobile Application Protection platform that automates end-to-end security and authenticates mobile users, apps and devices to business systems. Its platform is distributed globally by SAP and Unisys. The technology is used by more than 300 device manufacturers across markets such as medical devices, consumer electronics and industrial automation. Customers listed in the article include Panasonic, Cisco, Honeywell, GE, Siemens, Freescale, General Dynamics, Avaya and Dell, as well as five of the top seven Android handset makers. Led by CEO James Isaacs, the company plans to use new funding to expand product lines, build out its international presence and increase marketing activities. Mocana is headquartered in San Francisco, CA. Mocana builds security solutions for mobile apps and smart devices, offering features such as geofencing, time fencing and an app-wrapping technology that protects app data and manages permissions. The company targets enterprise needs to protect mobile devices and apps while addressing intersections with the emerging Internet of Things, including connected cars and manufacturer app stores. Mocana aims to become a global security franchise focused on the mobile market, which it estimates at $3–$5 billion in size. To scale, Mocana intends to build a network of third-party providers such as mobile device makers (MDM) and corporate app stores. It competes with internal development and third-party app providers such as VMware. Financially, the company has raised a total of $47 million after a $25 million Series D from Trident Capital. Mocana offers a device-resident software stack combined with context-intelligent security services delivered from the cloud to secure IP-addressable devices and the applications and services that run on them. The company positions its platform as device- and network-independent, targeting smartphones, medical devices, industrial automation, smart grid, automotive, connected home appliances and other IoT markets. Mocana says it has enjoyed impressive year-over-year growth since launching in 2004 and is a closely-held San Francisco firm. More than 150 companies have licensed Mocana’s solutions, and its customer list includes Intel, General Electric, Cisco, Honeywell, General Dynamics, Samsung, LG and Siemens. The company has won industry recognition, including Frost & Sullivan’s Technology Innovation of the Year for Device Security and placement on Red Herring’s Global 100. Mocana frames future work around accelerating new smart-device markets through partnerships and expanded platform deployments.

Total raised

$77M

Funding rounds

8

Latest round

Equity

Latest activity

Mar 2019