# Metaforic

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/metaforic

- Industry: IT Security/Cybersecurity
- Headquarters: San Jose, US
- Website: metaforic.com
- Total disclosed funding: $10M
- Latest round: Series B (Apr 18, 2011)
- Investors on record: 3

## About

Metaforic is a cybersecurity firm focused on enhancing application security through advanced code obfuscation techniques, protecting sensitive data across multiple platforms including mobile and desktop environments.Metaforic, founded in 2006 and headquartered in San Jose, US, specializes in cybersecurity solutions. The company was acquired by INSIDE Secure S.A. in April 2014 for USD 11.6 mn. Andrew McLennan leads the company as CEO. The firm has engaged in three significant investment deals since its inception, raising a total of USD 8.00 mn to date.Metaforic provides advanced cybersecurity solutions, particularly through its flagship product, Verimatrix XTD (Extended Threat Defense). This suite protects applications on platforms like Android, iOS, Windows, macOS, and Linux, employing sophisticated technology to prevent reverse engineering and data breaches, thus serving industries such as finance, healthcare, and digital media.Verimatrix generates revenue through subscription-based models for its cybersecurity solutions, offering various service tiers tailored to client needs. Clients engage in annual contracts for continuous access to Verimatrix XTD and support services, ensuring robust cybersecurity measures for a diverse client base.Looking ahead, Metaforic plans to enhance its product offerings and expand into new markets, although specific new product launches and geographic targets have not been detailed. The funds from the recent acquisition by INSIDE Secure S.A. will likely support these growth initiatives, helping to enhance security solutions and penetrate additional market sectors.

## Funding rounds

- Series B, Apr 18, 2011, $8M — Scottish Equity Partners, Pentech Ventures, Scottish Enterprise
- Series A, Oct 1, 2008, $2M — Pentech Ventures, Scottish Enterprise

## Investors

- Pentech Ventures (https://capitalatlas.ai/funds/pentech-ventures) — Series A, Series B
- Scottish Enterprise (https://capitalatlas.ai/funds/scottish-enterprise) — Series A, Series B
- Scottish Equity Partners (https://capitalatlas.ai/funds/scottish-equity-partners) — Series B