CloudLock, a Waltham, MA-based provider of software securing enterprise cloud data, has raised $8.7m in a Series B funding.
Backers include new investor Ascent Venture Partners and existing investor Cedar Fund.
The company intends to use the funding to expand its engineering divisions (http://www.cloudlock.com/about/careers/), extend its solutions to new platforms and accelerate its domestic and international sales efforts.
Co-founded by CEO Gil Zimmermann, CTO Ron Zalkind, and VP of Sales & Marketing Tsahy Shapsa, CloudLock provides a suite of security applications that give businesses the controls and visibility to extend their data security practices and policies to the cloud. The company’s products protect data stored in Google Docs and Sites by providing enterprise-class access management, auditing, governance, compliance, e-Discovery, and records retention.
In conjunction with the funding, Luke Burns, Partner with Ascent Venture Partners, will join the company’s Board of Directors.
FinSMEs
27/03/2012