CipherCloud, a San Jose, CA-based developer of technology to protect cloud data, has raised $30m in funding from Andreessen Horowitz.
The company intends to use the capital to accelerate its global sales and marketing efforts, to further develop its cloud information protection offerings and to advance its technology.
Founded in 2010 by CEO Pravin Kothari, CipherCloud provides cloud encryption and tokenization gateways to enable organizations to securely adopt cloud applications by eliminating concerns about data privacy, residency, security, and regulatory compliance. The company’s product portfolio supports cloud applications including Salesforce, Force.com, Chatter, Google Gmail, Microsoft Office 365, and Amazon AWS. CipherCloud Connect AnyApp and CipherCloud Database Gateway allow customers to extend data protection to hundreds of third-party cloud and private cloud applications and databases.
Customers include more than 40 enterprise clients across eight countries in banking, insurance, healthcare and technology, as well as government agencies.
In conjunction with the funding, John Jack, a board partner at Andreessen Horowitz, will join the company’s board of directors. Existing investors also include Index Ventures and T-Venture.
FinSMEs
05/12/2012