MobileSpaces nets $3M from Accel to improve BYOD security

By Kathleen De Vere Comment

Mobile security startup MobileSpaces announced today it has received $3 million in Series A funding from Accel Partners.

Headquartered in Washington D.C., MobileSpaces creates enterprise security solutions for businesses with bring your own device (BYOD) smartphone policies. Although the growing practice has proven popular with employees and accountants, IT professionals have been less impressed. Aside from the risk of a personal smartphone with sensitive information ending up lost or stolen, IT staff need to make sure company data isn’t sent out over unsecure networks and that other apps a user could have installed aren’t able to access enterprise data — all while respecting the privacy of the person who actually owns the device.

MobileSpaces solves these problems by creating enterprise apps that run natively on a user’s device. This allows the company to isolate its data securely within its own app.  The apps run while they’re offline, can be set up to require passcodes and IT managers can restrict how information is shared. In case of a lost device, the app can be wiped remotely as well. Currently MobileSpaces only works on Android device, but the company is working on bringing its technology to iOS and Windows Mobile.

As part of today’s deal, Rich Wong of Accel Partners joins the MobileSpaces board. MobileSpaces isn’t the first mobile or enterprise security provider Accel has invested in — Accel has previously funded risk management software maker Imperva, Australian enterprise software solutions provider Atlassian, online and mobile privacy certification provider TRUSTe and mobile antivirus and security company Lookout.