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Security - Wednesday, June 20, 2007

Encryption Co. PGP Raises $27M For M&A

pgp.png
Palo Alto-based PGP cosed $27.3M in Series C funding led by Intel Capital and the D. E. Shaw with existing investors DCM and Venrock. Whether you know it or not, if you work at a big company you are using PGP as an encryption tool. Our assumption is that they are maturing within their niche and plan to venture out into tangential areas.

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