Bitglass, the company’s data protection leader, announced today that it has secured $25 million in Series B funding. New investors include a large global bank and SingTel Innov8, the venture investment arm of SingTel Group, Asia’s leading communications group with over 500 million mobile customers. Existing investors NEA and Norwest took part in the round Scott Sandell, general partner and head of NEA’s technology investment practice, will join the Board of Directors of Bitglass.
The capital infusion, which brings the total funding of Bitglass to $35 million to date, will be used to expand sales, marketing and technology development of Bitglass’ Total Data Protection solution. Bitglass offers the industry’s most complete solution to secure corporate data in the cloud, access and on mobile devices.
‘Data security is at the center of this cloud and mobile era,’ said Jeff Karras, Managing Director of SingTel Innov8. ‘Bitglass is a leader in the United States, and we look forward to helping them gain global momentum. ”
Since coming out of stealth in January 2014, Bitglass has enjoyed a strong demand for its Total Data Protection solution. The company is currently enabling customers in all major vertical sectors, including healthcare, financial services, manufacturing and transport, to secure BYOD and cloud applications such as Google Apps, Salesforce, Microsoft 365 and Box.
‘We are honored to attract investors’ capital with a first-hand understanding of the markets we serve,’ said Nat Kausik, CEO of Bitglass. ‘Fresh capital will enable us to accelerate innovation and growth. ”
Bitglass’ 2014 Cloud Adoption Report found that security continues to be the number one cloud and mobile adoption inhibitor in the enterprise. Bitglass has made a number of disruptive innovations that enable companies to easily adopt mobile devices and cloud apps that their business needs, including the following:
Bitglass Cloud Encryption enables companies to adopt public cloud applications while storing encrypted data in their own private cloud. Bitglass’ patent-pending searchable full-strong encryption technology has been tested by leading cryptographers.
Clientless BYOD Security ‘Bitglass secures corporate data on any device without any software agents or profiles.
Data tracking and visibility ‘Bitglass’ data-centric security embeds data protection directly and automatically tracks, encrypts and redacts sensitive corporate data based on policy and context.
User experience ‘Bitglass’ is completely transparent to end users, allowing them to access corporate data as they normally do, without worrying about whether IT is monitoring their personal communications.
About some bitglass
Bitglass (bitglass) Com) delivers innovative technologies that transcend the perimeter of the network to provide the enterprise with total data protection in the cloud, on mobile devices and anywhere on the Internet. Bitglass was founded in 2013 by a team of industry veterans with a proven track record of innovation and performance. Bitglass is located in the Silicon Valley.
About Innov8 SingTel
SingTel Innov8 (Innov8), a wholly-owned subsidiary of SingTel Group, is a corporate venture capital fund with its own set of decision-making, approval and financing processes. It has an initial size of S$200 million Innov8 focuses its investments on technologies and solutions that lead to quantum changes in network capabilities, next generation devices, digital content services and enhance customer experience. It works closely with the ecosystem of leading innovators, developers, government agencies, R&D and capital providers to bring cutting-edge technologies and solutions to the various markets in which SingTel Group operates. Learn more about http://innov8 The Sintel Come on,
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