Security - Thursday, January 25, 2007
Trend Watch: 2nd Portable Security Startup Funded This Week
In semi stealth, IronKey raised funding today. It would seem to compete with Israel's Yoggie, a mobile security startup that we profiled earlier in the week.
Unlike Yoggie, Ironkey appears to be 100% software. Iron Key is a program for encrypting files, that you can safely send over the Internet. The encrypte file is a self-extracting executable - your correspondent must run it and enter the right password for decrypting. No crypto software needs to be installed on the receiving side.
Ironkey's front-man is Dave Jevans, CEO, who was CMO and SVP at Tumbleweed Communications (NASDAQ: TMWD), Valicert (NASDAQ: VLCT), and Teros (acquired by Citrix (NASDAQ: CTXS).
Los Altos, CA-based Ironkey raised around $2.6M in Series A-2 funding led by Leapfrog Ventures.
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