Sipera raises another $10M to advance UC security

UC sercurity company, Sipera Systems raised another $10M to advance its enterprise unified communications (UC) security systems. Their offering provides security for smartphone, VoIP, IM and video applications.

A new investor, S3 Ventures, led this particular round of funding while previous investors Austin Ventures, Duchossois Technology Partners, Sequoia Capital, and STAR Ventures all chipped in some more cash. Sipera's funraising total now stands at $48 million. The new cash will allow the company to advance its smartphone UC security solutions and UC-Sec enterprise UC security product family--which will help executives use iPhone and other smartphones securely. Sipera is known for demoing how easy it is to hack those devices at various trade shows.

"Sipera is at the forefront of Unified Communications security solutions, including most recently protecting smartphones to enable safe, enterprise-class VoIP and UC for employees on the go. Given the explosive enterprise adoption of smartphones and UC applications including VoIP, IM and video, the timing is ideal for Sipera to capitalize on its leadership in comprehensive UC security," said Brian R. Smith, Managing Director of S3 Ventures--one of the newest investors in the company.

Back in April, Sipera announced that they were securing over a million devices. In addition, they achieved 300 percent year-on-year growth in demand as of the first quarter of 2010, marking 2,400 percent growth in demand over 24 months.

For more:
- read the release

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