AppGuard gets $30 million investment, wraps it in a boast
The Japanese-owned endpoint security company AppGuard announced Thursday it had taken in a $30 million investment led by Japan’s JTB Corporation. The new injection of cash comes just three months after AppGuard’s parent company, Japan’s Blue Planet-works, took in a $50 million investment as part of a “relaunch” effort focused around Black Hat USA 2017. AppGuard also will have a new CEO in control. Jon Loew, previously the CEO of secure video messaging service KeepTree, will now be the top executive at AppGuard. The company consists of about 25 total employees and executives. The new investments come with the notable claim, via a company press release, that the “revolutionary” technology “prevents all endpoint breaches.” That kind of extremely strong language is bound to raise eyebrows. When asked to explain the boast, Loew said that no one using AppGuard’s system has ever, to the company’s knowledge, been breached. He added, however, that “anyone who would make a guarantee for […]
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