Neocleus secures $11 million with endpoint virtualization

Endpoint virtualization security solutions provider Neocleus said it has raised an additional $11.4 million round of funding led by existing investors Battery Ventures and Gemini Israel Funds. The company plans on using that additional funding to help expand its workforce, specifically its sales and marketing departments.

With its corporate headquarters in New Jersey and its research and development team in Israel, Neocleus focuses on applying security virtualization solutions to desktops and laptops to help solve the endpoint challenges and complexities that IT departments are being faced with today.

The company's solutions, which include a Xen-based open-source Type 1 bare-metal hypervisor for endpoints, enable critical IT tasks to operate in isolated, trusted virtual environments with complete access to the capabilities offered by the underlying endpoint hardware. Neocleus said this approach provides IT departments with a more agile and predictably secure virtual desktop environment and improves the overall cost of ownership of the endpoint.

In May 2008, the company launched its Desktop Hypervisor Framework, an endpoint hypervisor enhancement to the Xen server hypervisor that the company will be contributing to the open-source community to foster an ecosystem of innovation. In early June, Neocleus announced Trusted Edge, the first in a suite of virtual software appliances that allows for secure access to corporate resources -– for employees, customers, and partners -– regardless of the endpoint's location or state of security.

"Battery Ventures and Gemini Israeli Funds have been tremendous supporters of Neocleus. Their continued investment demonstrates the commitment to the company vision and their belief that this is an exceptional market opportunity," said Ariel Gorfung, president, CEO, and co-founder of Neocleus. "We are extremely thankful for their continued partnership and the confidence they have in our vision, our strategy, and our product expertise."

Posted by David Marshall on June 21, 2008 01:16 PM