June 19, 2014

Mobile System 7 Moves to Maryland, Receives $400,000 Investment from State, County

The Maryland Venture Fund (MVF), the equity investment arm of the Maryland Department of Business and Economic Development (DBED), has invested $300,000 in Mobile System 7 following the cybersecurity firm’s move to Bethesda from Virginia.

Joining the MVF-led financing was the Department of Economic Development, which invested $100,000, and private investment groups. The MVF investment was made with funds raised by InvestMaryland,

Mobile System 7 is an enterprise security company led by former Intelligence Community professionals. The company's product, Interlock, protects enterprise data from unauthorized access and malicious attacks.

The MVF is a regionally recognized leader in seed and early-stage investing and a national model for state-supported investment programs. The fund invests in highly innovative technology companies across the full range of industry sectors including software, communications, cybersecurity and life sciences companies in the areas of healthcare IT, medical devices and diagnostics.

See more in the news release.