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MokaFive Raises $21M in Venture Capital Funding(April 01, 2010)
REDWOOD CITY, CA -- (Marketwire) -- 04/01/10 -- Virtual Desktop Management Company MokaFive today announced it has raised a $21 million Series C round led by NGEN Partners with existing investors Khosla Ventures and Highland Capital Partners.
The company's flagship product, MokaFive Suite, enables corporations to lower the Total Cost of Ownership (TCO) of managing distributed computing endpoints. The MokaFive Suite achieves this by providing the IT organization complete management control in delivering a secure virtual computing environment to any hardware platform -- Mac or PC -- offering users flexibility and choice of platform. CIOs can now leverage the growing demand by employees seeking to utilize their own computers for both personal and professional use.
Unlike server hosted virtual desktop solutions, such as VDI, MokaFive executes locally on computing end points, hence providing better performance and offline access while reducing the need for large server infrastructures.
"Corporations can now secure the enterprise's IT and data assets in a resource efficient manner, consequently improving productivity and reducing costs substantially, while allowing employees to use their own computing device at work," said Rosemary Ripley, Managing Director of NGEN Partners.
"MokaFive 2.x Suite is an enterprise class solution that meets the security and mobility needs of an enterprise at very low cost. With our new solution we are seeing significant traction among corporations and now count a number of Fortune 1000 companies as our customers," said Dale Fuller, President and CEO of MokaFive.
MokaFive has developed a breakthrough product that leverages the latest advances in computing technology to fundamentally change the way enterprises deliver and manage computing endpoints to achieve cost reduction, risk mitigation and business alignment. To learn more, visit www.mokafive.com.
About NGEN Partners
Founded in 2001, NGEN Partners is a pioneering investor in the cleantech sector. NGEN invests in early to late stage businesses that offer economically valuable products and services that positively affect the environment. With a history in materials science, NGEN has deep expertise in alternative energy, energy efficiency, pollution abatement and green resources. www.ngenpartners.com
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