Discretix attracts $20M in funding

Embedded security developer Discretix pocketed $20 million in a third round of financing.
New investor Sequoia Capital participated in the round, joining backers Accel Partners, Pitango Venture Capital, Genesis Partners, SFK, Poalim Ventures and Eurocom Group. The 7-year-old company said it will use the cash “to aggressively pursue content protection solutions for the mobile content and enterprise markets.”
“Discretix has amassed an enviable record of success in penetrating next-generation hardware designs in all segments of the wireless and flash memory industries,” said Kaj-Erik Relander of Accel Partners. “We believe the company is well positioned for continued expansion up the content deployment chain, wherever leading-edge security and content protection is required.”