Reports surfaced last week suggesting that Google was in talks to invest in secure messaging startup Symphony, and a new report out Monday morning (via Re/code) suggests that the company is about to announce $100 million in funding raised in a recent round from several investors including — as was reported — the Mountain View company…
Symphony has a cloud-based messaging platform with a security focus, and offers personal, financial, and business & enterprise solutions, according to its website. Symphony focuses mainly on serving financial companies (which are required by law to retain copies of messages for many years), but the company is clearly looking to expand its services into other realms.
And that’s where Google comes into the picture. “Google’s participation will help us evolve the company beyond the financial services realm,” the company’s CEO David Gurlé told Re/code.
Google appears to be the company’s first investor outside of the financial industry, according to the reports, but this kind of investment isn’t a first for Google. The company lead a similar $542 million investment round in budding augmented realty startup Magic Leap just last year.