, an enhanced mobile device manager (MDM), raised a $196 million Series B led by New York-based The funding announcement coincides with the company鈥檚 launch of a new 鈥淎pplied Unified Platform鈥 aimed at integrating five applications into a single -only solution.
Winter Park, Florida-based Mosyle, founded in 2013, is essentially an MDM, although Mosyle CEO and founder says the company offers more than that.
“Companies require more than traditional MDM in today鈥檚 hybrid work environment,” Araujo said via email. “So, over the past year, we鈥檝e aggressively rolled out innovative security and management features that used MDM as a medium to extend protection to other layers of the device.”
This allows multiple applications on Apple devices to work for education and enterprise customers, he said. Although not specifically a cybersecurity company, a large part of what it does is beef up security on Apple devices and networks.
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In general, funding for cybersecurity startups remains high despite an overall slowing in venture investment in 2022. Venture investment in cyber startups hit almost $6 billion in Q1 2022, according to Crunchbase data. That marks a nearly 50 percent increase from the same period last year. This also puts investment in the sector on track to break the all-time high for one year set in 2021 with more than $20 billion poured into the space, according to Crunchbase data.
For its part, Moslye has raised $52 million to date (excluding this recent investment), according to
The funding will be used to fuel the Apple Unified Platform and support Mosyle鈥檚 growth among business and educational institutions of all sizes, according to the company
The company鈥檚 focus on product innovation, ease of use and customer support has 鈥渟olidified its position as a preferred platform for enterprises and educational institutions large and small in the growing Apple device management space,鈥 said Insight Partners鈥 in a statement.
New York-based and all previous investors including Boston-based and Lehi, Utah-based also participated in the round, according to the company.
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