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This article was published on September 26, 2012

    Mobile security startup V-Key secures $4m in Series A funding from IPV Capital

    Mobile security startup V-Key secures $4m in Series A funding from IPV Capital
    Jon Russell
    Story by

    Jon Russell

    Jon Russell was Asia Editor for The Next Web from 2011 to 2014. Originally from the UK, he lives in Bangkok, Thailand. You can find him on T Jon Russell was Asia Editor for The Next Web from 2011 to 2014. Originally from the UK, he lives in Bangkok, Thailand. You can find him on Twitter, Angel List, LinkedIn.

    Mobile security is fast becoming an issue for many — particularly those using Android phones and in China — and V-Key, a startup that aims to provide protection to enterprise users and applications, has just closed a Series A round of $4 million from Chinese investment firm IPV Capital.

    US/Singapore-based V-Key was started by serial entrepreneur Eddie Chau, he who founded Media Monitors-owned digital agency Brandtology, and it researches and develops solutions and applications to keep mobile devices virus-free and secure.

    The startup says that the investment from early-stage specialist IPV Capital — which has offices in Beijing, Shanghai and Silicon Valley — will be used to increase its R&D focus on application security and intelligence technologies, in addition to growing its sales and support teams in Asia and the US.

    Commenting on the round, Benjamin Mah, V-Key CEO and a fellow co-founder, explains that security protection is entirely necessary for mobile programs, systems and devices.

    “Traditional methods of managing mobile device security policies via trusting the native mobile operating system offers a basic level start. However, the world needs an advanced security protection and mobile threat analytics to address advanced persistence threats in the mobile apps landscape,” Mah says.

    Chau adds: “Our goal is to deliver a simple, yet powerful and intelligent security solution that improves users’ confidence and experience in today’s mobile apps-driven world.”

    V-Key offers a range of products that include secure mobile middleware and application protection. Its enterprise-focused services extend to include a mobile secure token authentication service — V-Tap, which the firm says is the first of its kind — and a secure channel communication suite that lets businesses broadcast email, SMS and instant messages to employees and customers.

    Outside of its products, the startup’s V-Track service is a threat intelligence gatherer which locates viruses and other risks that threatening devices and mobile programs.

    V-Key’s third co-founder, CTO Joseph Gan, has a strong background in security and counts the Centre for Strategic Infocomm Technologies (CIT) and D’Crypt among his former employers.

    ➤ V-Key

    Image via Shutterstock / Mike Rogal