DroidSecurity

Company Overview

Snapshot

Founded in March 2009 by Dror Shalev and Eran Pfeffer, DroidSecurity operated with 11–50 employees. The company raised $600K across two funding rounds, with investment from Maayan Ventures. A significant milestone occurred in November 2010 when DroidSecurity was acquired by AVG Technologies.

Business overview

DroidSecurity developed a comprehensive anti-malware application for Android devices. Its core offering, the Internet Security Suite, provided protection against viruses, malware, and SMS/text spam, alongside features for tracking lost smartphones and remote data wiping. The company served the mobile security market, operating within the Cyber Security sector.

Strategic signal

The acquisition of DroidSecurity by AVG Technologies in November 2010 for $4.1 million signaled a consolidation within the nascent mobile security market. This event highlighted the strategic value placed on early-stage mobile protection solutions by established cybersecurity firms, indicating a growing recognition of Android's market penetration and the associated security risks. For investors, it demonstrated a clear exit pathway and validated the potential for significant returns in specialized mobile software development.

Company Intelligence Q&A

When was DroidSecurity acquired?

DroidSecurity was acquired by AVG Technologies in November 2010.

Who were the founders of DroidSecurity?

DroidSecurity was co-founded by Dror Shalev and Eran Pfeffer.

What was the total capital raised by DroidSecurity?

DroidSecurity raised a total of $600K across two funding rounds.

What was a key feature of DroidSecurity's product?

DroidSecurity's Internet Security Suite provided protection against viruses, malware, and SMS/text spam, and allowed users to track lost smartphones and remotely wipe data.

Which investor participated in DroidSecurity's funding?

Maayan Ventures participated in a funding round for DroidSecurity, which was part of the $600K raised across two rounds.