Google Ventures invests in Atlanta start-up Ionic Security

Reuters

Updated 20 February 2014 at 7:05 am

BOSTON (Reuters) - Google Inc's Google Ventures co-led a $25.5 million (15.3 million pounds) investment in Ionic Security Inc, an Atlanta-based start-up developing technology to protect corporate data on mobile devices and in the cloud.

Other investors in the round include Jafco Ventures, Webb Investment Network and existing shareholder Kleiner Perkins Caufield & Byers, as well as security industry executives Phillip Dunkelberger and Paul Judge.

Ionic Security, which was founded in 2011, has raised $38 million (22 million pounds) to date.

(Reporting by Jim Finkle; Editing by Richard Valdmanis and Nick Zieminski)

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