View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Cybersecurity
October 12, 2015

Google confirmed as backer in £100m Symphony funding

News: The firm launched its first product, Symphony’s Secure Messaging application, in mid September.

By CBR Staff Writer

Cloud-based communications start-up Symphony has secured over $100m in capital from a group of new investors, including the tech giant Google.

The funding, which is aimed at speed global customer adoption, is also supported by Lakestar, Natixis, Societe Generale and UBS along with a group of existing investors, including Silicon Valley venture firm Merus Capital.

Symphony was established only last year and had raised $66m in the initial funding round from 15 major financial institutions.

Earlier in the month, The Wall Street Journal had indicated that new investments will raise the value of the company to $650m.

Symphony founder and CEO David Gurle said: "This financing is a vote of confidence in Symphony’s value proposition and benefits to business users.

"We are making a major leap toward a safer and more productive method of communication for individuals, teams and businesses."

On 15 September, Symphony has launched its first product Secure Messaging application.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Google is the first strategic investor for the start-up outside of the financial industry, reports Re/code.

Symphony looked forward to raise up to $50m initially through the financing, but was prompted to double the original plan due to rising investor demands.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.