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UK - AdaptiveMobile secures EUR 4.6m funding

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Mobile security and filtering innovator AdaptiveMobile has announced that it has closed a EUR 4.6m first round of funding. Intel Capital, Intel's venture capital investment organisation, led the deal with an investment of EUR 4m. Additional commitments were made by Enterprise Ireland and a private investor.

The mobile industry is increasingly recognising the need to protect users from access to inappropriate content, unsolicited messaging and harassment. Operators are increasingly accepting a service responsibility to subscribers, whether to protect vulnerable users such as children, or to help corporates to fulfil their duty-of-care to employees.

Damien Callaghan, investment manager, Intel Capital, said ‘Products that can provide enhanced security and peace of mind to mobile customers are both imaginative and innovative; and we believe address a significant untapped need amongst mobile operators.’

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