CipherCloud, a San Jose, CA-based provider of a cloud visibility and data protection platform, raised $50m in financing.
The round was led by Transamerica Ventures with participation from Delta Partners, and existing investors Andreessen Horowitz and T-Venture, the venture capital arm of Deutsche Telekom.
The company will use the financing to further accelerate its go-to-market activities, support international growth in Europe and Asia Pacific, and advance product innovation efforts.
Led by Pravin Kothari, founder and CEO, CipherCloud provides businesses in every industry, including financial services, healthcare, telecommunications and even government agencies with a platform featuring comprehensive cloud application discovery and risk assessment, data protection – searchable encryption, tokenization, data loss prevention, key management and malware detection – and user activity and anomaly monitoring services.
The CipherCloud product portfolio protects cloud applications such as Salesforce, Box, Microsoft Office 365, and ServiceNow.