Avanan, a cloud security innovator, announced today that it has raised $14. Series A funding of 9 million Greenfield City Holdings, L. P: P (GFC), the TPG Growth Portfolio Company, led the round, with the participation of Avanan’s existing investors Magma VC and StageOne Ventures. The round brings the total capital of the company to $16. 4 million and will enable Avanan to support its rapidly growing customer base and the rapid pace of market adoption.
Avanan Cloud Security Platform is a new way to secure the cloud By clicking a button, companies can protect Amazon AWS, Box, Google, Office 365, or any other Software-as-a-Service (SaaS) or Infrastructure-as-a-Service (IaaS) product using pre-configured cloud-based security technology versions from more than 60 leading vendors such as Check Point, Symantec, McAfee, Palo Alto Networks, Sophos and Kaspersky.
‘Companies that leverage SaaS platforms, such as Office 365, are looking for ways to ensure that these platforms are used in a secure and compliant manner. Avanan has created the solution they need with the security technologies that they already trust. With their current list of partnerships and integrations, most recognized brands in the industry are on the Avanan platform,” said Yuda Doron, co-founder and head of GFC. ‘We were impressed by the rapid adoption by customers of Avanan’s vision and look forward to partnering for continued growth. ”
Leveraging partnerships, Avanan has built a Security-as-a-Service platform that protects clouds with full security stack, including malware protection, anti-virus, data leak prevention, endpoint compliance, behavior monitoring, email security, anti-phishing, encryption, and more. Avanan allows organizations to manage cloud security from a single glass pane and enables IT to respond to incidents in an automated and scalable manner. Because it is fully cloud-based and only leverages APIs, Avanan’s product will be deployed in minutes with no effect on end users.
Avanan was founded in 2014 by a team that led ForeScout’s successful network access control pivot.
‘Our former customers have moved to the cloud and have been asking for the same protection in the cloud that we have provided on the network. We wanted to allow them to secure their cloud with an easy-to-use SaaS platform that incorporates the technologies they already trust,” said Gil Friedrich, founder and CEO of Avanan.
As part of the investment, Doron will join the Avanan Board of Directors
‘We welcome Yuda to our board and look forward to the opportunity to build on his experience and insight,’ Friedrich said.
Avanan was named the 2016 Gartner Cool Vendor and one of CRN’s 20 Coolest Cloud Security Vendors in 2016.
Choose a SaaS Choose the Security One-Click to Avanan is headquartered in New York City with R&D in Tel-Aviv. (http://www) Avanan’s (com)
About Greenfield City Holdings
Greenfield City Holdings, L. P: P (GFC) is a joint venture between TPG Growth, the mid-market and growth equity investment platform of the global investment firm TPG, and Yuda Doron, a successful Israeli operator, investor and entrepreneur. GFC will partner and invest in Israel’s early-growing global technology and technology-enabled enterprises with an investment size of up to $20 million. The GFC team on the ground in Israel is using its years of operating experience with the global TPG network to help strengthen and expand its portfolio companies.
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