AdaptiveMobile Gets $14 Million Second Round Funding

Mobile security company AdaptiveMobile has secured $14 million in a second round of funding led by Doughty Hanson. Noor Financial Investments and Intel Capital also participated in the round, reports Red Herring. AdaptiveMobile had previously raised $6 million. The new funding will be used for R&D and sales. The company sells its software to carriers so it can boost subscriber numbers by 20 million with one sale — it has 85 million subscribers and customers in the US, Africa, the Middle East and Asia Pacific.