Venn Software, innovators of purpose-built technology for secure BYO-PC, today announced it has been awarded a key patent for securing remote work on any computer. The company also revealed $29 million in Series A Funding, led by NewSpring to support its product development, growth and customer demand.
Venn is the first company to deliver a mobile device management (MDM)-like a solution for laptops. MDM frequently is used by companies to protect sensitive company data on employees’ personal phones.
In a similar fashion, Venn can secure remote work on a laptop that is unmanaged or bring your own device (BYOD).
Co-founder and CEO, David Matalon said, “It’s a radically simplified and less costly new alternative to virtual desktop infrastructure (VDI).”
As remote work has become more permanent and the workforce becomes more distributed, employee computing models previously suitable for “office-first” are less effective in a “remote-first” world.
The blurring lines of personal and business time, and the rise of contractors, gig and offshore workers, are pushing companies to look for ways to secure remote work. Traditional solutions, like VDI, are costly and often frustrate users because of latency and slowness.
Newer solutions, like enterprise browsers, have strict limitations around application use and network integration.
Additionally, employees seek more choices — they don’t want to have one computer for business and one for personal use. They want a single device, like how they use mobile.
In 2019, NewSpring invested in Venn based on Matalon’s vision of creating an approach to securing remote work that solved the challenges of VDI. The funding fueled the development of the first purpose-built technology for secure BYO-PC (Bring Your Own Personal Computer).
Venn has filed for multiple patents on its intellectual property and was granted its first patent from the United States Patent and Trademark Office.
The team spent the last year working closely with key customers to ensure the platform meets the security and compliance requirements for today’s distributed workforce while providing a great user experience for employees.
With the platform in production and customer demand accelerating, the Venn team is further validating that companies are eager to support a new way to secure remote work on any BYOD or unmanaged computer.
To learn more about Venn, please visit: www.venn.com.