Israeli-US company Onset raises $3m to expand mobile compliance solutionOnset Technology, a specialist in smartphone compliance, has secured $3 million in a funding round led by the Cedar Fund. The Challenge Fund and Jerusalem Global Ventures joined the round.
Onset Technology, which was founded in 1997 and is headquartered in Waltham, Massachusetts, with R&D in Herzliya, develops software solutions for wireless messaging compliance, data loss prevention, emergency communications and mobile device management.
It plans to use the capital to advance its position as a leading smartphone compliance and data leak prevention solution provider. The company plans to bolster its R&D activity, and expand its support of its devices.