Summit, Ignition Back Cloudmark

3/4/10Follow @gthuang

Cloudmark, a mobile-messaging security firm based in San Francisco, has raised $23 million in growth equity led by Boston-based Summit Partners and joined by Nokia Growth Partners, Ignition Partners, and Industry Ventures. Bellevue, WA-based Ignition was an existing investor, along with Industry Ventures, while Summit and Nokia are new investors. The deal is Cloudmark’s first new funding round since 2004, and it helped the company acquire Silicon Valley-based Bizanga, which makes a message-processing software platform, last month.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com. Follow @gthuang

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