MWC: AirWatch raises £132m in Series A funding round
The new Series A investment will be used to fund strategic acquisitions, accelerate global growth and drive innovation and adoption of AirWatch's content collaboration solution, Secure Content Locker.
"With an enhanced balance sheet and greater financial strength providing much more stability than our competition, this investment is a significant step to reinforce our solutions during a critical market pivot," said John Marshall, president and CEO, AirWatch.
Jeff Horing, managing director, Insight Venture Partners, added: "The mobile enterprise market is experiencing explosive growth, and AirWatch has emerged as the market's leading device management solution, without raising any outside capital.
"As the first institutional investors we hope to support AirWatch's strong growth trajectory and further strengthen the company's leadership in the field."