CloudLock, a Waltham, MA-based cloud data security company, raised $16.5m in Series C funding.
The company intends to use the funds to expand in new markets, invest in existing and expanded product lines, and grow its operations in the US, Europe, and Israel.
Launched in 2011 by Gil Zimmermann, CEO, CloudLock provides applications that enable organizations to enforce regulatory, operational, and security compliance in public cloud platforms and secure their data in the cloud, increase collaboration, and reduce their risk.
The company has more than 600 paying customers.
27/03/2012: CloudLock Raises $8.7M in Series B Funding