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CloudLock Raises $16.5 Million to Expand Enterprise Cloud Security Business

29
Jan
2014

CloudLock, a Waltham, Massachusetts-based firm that helps companies secure data stored in the cloud, today announced it has raised $16.5 million in a Series C funding round.

CloudLock said it would use the new funding to expand in new markets, invest in existing and new product lines, and grow its operations in the United States, Europe, and Israel.

The funding came from new investor Bessemer Venture Partners, along with participation from previous investors Cedar Fund and Ascent Venture Partners.

The company’s cloud-based offerings help customers enforce their own security, governance, and compliance requirements on their data and users in the cloud.

CloudLock’s solutions help protect sensitive data like PII and PCI stored in cloud services such as Google Apps and Salesforce, by providing DLP, auditing and compliance, data management and end-user security.

For example, CloudLock provides location-aware auditing which can show what users are exporting sensitive data and where are they accessing it from.

The company also offers what it calls an “Apps Firewall” that helps enterprises discover, classify and enable trusted third party mobile and web applications that require access to users’ Google Apps accounts and data.

Since launching in 2011, CloudLock says has it now has more than 600 paying customers and protects millions of end-users.

“Bessemer’s vision of the cloud as the backbone of a business, and track record of funding the companies that enable this innovation, is a perfect match for CloudLock and our goal of providing the cloud security fabric enterprises need”, said Gil Zimmermann, CEO Co-founder of CloudLock. ”

“The transition to cloud-based apps and collaboration forced a reset in the model for enterprise security and governance,” said Luke Burns, partner, Ascent Venture Partners. “Gil and the team at CloudLock were pioneers in this field, offering enterprise grade protection without compromising the flexibility and functionality of the cloud.”

More information on CloudLock is available here.

Disclosure: Gil Zimmermann, CEO Co-founder of CloudLock, is a SecurtyWeek contributor. You can read his columns here.

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Managing Editor, SecurityWeek.Previous Columns by Mike Lennon:CloudLock Raises $16.5 Million to Expand Enterprise Cloud Security BusinessAuthor of SpyEye Trojan Pleads GuiltyMongoHQ Adds New Security Features in Response to BreachFully Functional FileZilla Client Capturing FTP Login DetailsFour Charged in Android Mobile App Piracy Operation

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