Unlike traditional security methods, which rely on detection techniques, Bromium protects against malware from the Web, email or USB devices by automatically isolating each user-task at the endpoint in a hardware-isolated micro-VM, preventing theft or damage to any enterprise resource. The company intends to use the new funding for continued product development and to accelerate sales in North America, EMEA, Japan and APAC.
This Bromium deal is just one of the hundreds of VC investments that have gone down in California so far this year. In fact, since the beginning of 2013, investors have completed 1,314 VC financings for companies headquartered in The Golden State, according to the PitchBook Platform. Those deals involved a total of over $13 billion of capital. At $40 million, Bromium's latest financing is much larger than the typical deal, with the median size of this year's Californian deals at $4.5 million. Investments of similar magnitude have been relatively commonplace though, with 41% of the deals falling in the $25 million to $100 million size bucket. Still, deals of under $25 million have been the more popular route with a 46% share.