Remote-work security company Venn Technology Corp. announced today that it has raised $29 million in new funding in a round led by NewSpring Capital Inc. to support product development, growth and customer demand.

Founded in 2010, Venn describes itself as a pioneer in what it calls the “secure bring-your-own-PC” field with technology designed to facilitate and secure remote work on any computer. The company’s solution offers features similar to mobile device management, such as “bring your own device” or BYOD programs, but for laptops. That provides what Venn says is a simplified and cost-effective alternative to the traditional virtual desktop infrastructure.

The company argues that as remote work has become normalized and the workforce becomes more distributed, employee computing models previously suitable for “office-first” are less effective in a “remote-first” world. Added into the mix is the blurring of personal and business time and the rise of contractors, gig and offshore workers pushing companies to look for new ways to secure remote work.

Venn claims that traditional solutions such as VDI are costly and often frustrate users because of their latency and slowness. It says newer solutions, such as enterprise browsers, have strict limitations around application use and network integration. That’s what Venn aims to address.

The company’s service creates a secure enclave on the user’s computer, where all work activities are isolated and encrypted. Doing so allows business applications to run locally within the enclave, protecting company data without needing to control or lock down the entire device. The solution gives businesses more control over their data without requiring any back-end infrastructure.

“Before Venn, companies had to ship laptops or rely on complex and costly VDI technology to support remote workers and stay compliant with regulatory requirements,” co-founder and Chief Executive David Matalon said in a statement. “Instead of having to buy, manage and lock down every PC, remote work can now easily be secured on any BYOD or unmanaged computer.”

Alongside the funding announcement, Venn also announced that it was recently awarded a key patent that it says represents a significant step forward in the security of remote work technology. The patent, titled “Secure Visual and Computational Boundary for a Subset of Resources on a Computing Machine,” outlines Venn’s approach to creating a secure enclave on a user’s computer. Venn says that the patent strengthens its intellectual property and substantiates its unique approach to bring-your-own technology.

Image: Venn