Copiun Inc., a provider of secure mobile collaboration solutions with end-to-end data governance, has closed the final tranche of its $5 million Series A funding led by venture capital firm, Novak Biddle Venture Partners.
The company met all performance milestones required to initiate the latest investment, having expanded both its customer base and revenue tenfold in 2011. In addition, Copiun established new partnerships and grew its product portfolio over the past six months.
Additional investors in this completed Series A include RRE Ventures and local angel investors. Together, the financial and corporate investments will help the company continue accelerating growth through sales and marketing.
"It's an exciting time in mobility and Copiun is at the center of the debate over mobile productivity and data security," said PV Boccasam, general partner at Novak Biddle and member of the Copiun Board of Directors. "The company is poised for more growth, enabling secure collaboration across the globe."
During 2011, after releasing its initial product at the end of 2010, Copiun increased its customer and revenue base tenfold. The customer roster now spans an array of industries including automotive, business services, consumer goods, education, entertainment, financial and insurance, government, manufacturing, non-profit, sports, retail, technology and utilities.
Headquartered in Marlborough, Mass., Copiun, Inc. is a venture-backed start-up that was founded in late 2008. Copiun provides the first and only secure mobile collaboration solution with end-to-end data governance. Copiun TrustedShare lets mobile workers access and share corporate documents, while ensuring IT complete document lifecycle control. Enterprises count on Copiun to power instant mobile worker productivity with no compromises to their corporate data. Copiun's products are used by more than 200 enterprise customers globally.