Mobile Content Security Firm AdaptiveMobile Gets $5.5 Million VC Funding

Mobile content security solutions company AdaptiveMobile announced funding of EUR 4.6 million ($5.5 million) in first round from Intel Capital (who put in EUR 4 million), joined by Enterprise Ireland and a private investor. AdaptiveMobile works in the space of protecting users from access to inappropriate content, unsolicited messaging and harassment. The business of security software solutions designed for mobile and wireless environments are forecast to touch $1.27 billion in revenue by 2007, up from $86.4 million in 2002. [Via TMCnet]

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