CloudPassage, a start-up based in San Francisco, secured $14 million series B financing round, for its cloud security solution.
CloudPassage said its key innovation is its Halo architecture, which automates multiple server security functions and transparently handles the highly fluid and scalable characteristics of public IaaS environments. The technology automatically secures cloud servers when they burst or are cloned. Halo combines an ultra-lightweight guest VM software component with an elastic compute grid optimized for security operations, an architecture that has opened up significant new security capabilities to companies leveraging IaaS.
CloudPassage said the new funding will be used to accelerate market penetration of Halo, its cloud server security platform and extend its functionality with innovations previously in stealth development. The company reports subscriber growth of over 70 percent during the first two months of 2012, compared with last year. Halo Basic is free for up to 25 servers. A Pro service is also offered.
The new funding brings the company’s total funding to $21 million. The round was led by Tenaya Capital, with participation from existing investors Benchmark Capital and Musea Ventures. Brian Melton, Managing Director at Tenaya Capital, will join the CloudPassage board of directors.
