CipherCloud, a start-up based in San Jose, California, announced a $50 million round of financing for its cloud protection.
CipherCloud provides cloud encryption and tokenization gateways to help enterprises to securely adopt cloud applications by eliminating concerns about data privacy, residency, security and regulatory compliance.
The funding round was led by Transamerica Ventures joined by Delta Partners, and existing investors Andreessen Horowitz and T-Venture, the venture capital arm of Deutsche Telekom.
The CipherCloud cloud security platform contains the following essential components:
- Cloud application discovery that provides aggregated reporting and dashboards of cloud applications including understanding employee usage and behavior, whether they are using enterprise approved cloud applications or not, and the level of risk of using them and most importantly putting data into them.
- Cloud data security that delivers based on corporate policies, industry regulations, or country required compliance laws the maximum level of protection to all sensitive data through a combination of searchable strong encryption, tokenization and malware detection controls.
- Cloud user monitoring that enables the tracking and identification of anomalies that help to reduce the source of risk from both of insider and external threats.
“We began our cloud security journey in 2010 by solving the cryptographer’s dilemma – enabling the breakthrough of searchable strong encryption while preserving the operations of cloud applications,” said Pravin Kothari, founder and CEO, CipherCloud. “Now four years later, CipherCloud is the clear leader in the market with over three million users and is establishing the standard for how enterprises adopt the cloud while controlling and securing their data.”