LAS VEGAS -- Discretix, the leading provider of embedded security solutions for mobile devices and flash memory, today announced it has raised $20 million in third round financing. The round, in which all current Discretix investors participated, also included a major investment by Discretix newest investor - Silicon Valley venture fund giant Sequoia Capital. Total outside investment now amounts to $29.8 million.
The move is expected to further solidify Discretix position as a world leader in content protection and embedded security solutions, creating an environment in which mobile applications and services can thrive. In addition, Discretix plans to use this new capital to aggressively pursue content protection solutions for the mobile content and enterprise markets.
Participation in our third round of funding by Discretix current investors demonstrates the support the company enjoys for its achievements to-date, as well as an endorsement for its future plans, said Gal Salomon, chief executive officer and founder of Discretix. We welcome the new support for our business activities from Sequoia Capital, not only for the funds it provides but also as an inflection point for our initiatives in the mobile content space.