Sookasa, a San Mateo, Calif.-based provider of compliance solutions for cloud applications and mobile devices, raised a Series A funding round of undisclosed amount.
The round was led by Accel Partners, with participation from existing investors First Round Capital, Andreessen Horowitz, SV Angel and other vcs and angel investors. In conjunction with the funding, Sameer Gandhi from Accel Partners joined Sookasa’s board of directors. In addition, Kirk Bowman, who formerly held executive positions at VMware and Equallogic, joined as an independent board member.
The company intends to use the funds for continued development and expansion of traction in key regulated industries such as healthcare, education, legal and finance.
Co-founded in 2012 by CEO Asaf Cidon (formerly of Google and Israeli Intelligence), Israel Cidon (formerly founder of Actona Technologies and Dean of Electrical Engineering at the Technion), Madan Gopal (formerly of Cisco and IBM), and Lior Gavish (formerly of Paypal), Sookasa emerged from stealth mode to simplify the protection of sensitive files across cloud services and mobile devices. It provides companies with an encryption and compliance solution that enables their employees to natively use their cloud services, such as Dropbox and Gmail, and mobile devices, while transparently encrypting sensitive data and addressing regulations such as HIPAA and FERPA.
FinSMEs
02/04/2014