Bitglass, a Campbell, Calif.-based cloud security company delivering data and threat protection to enterprises worldwide, raised $70m in Series D funding.
Backers included new investor Quadrille Capital and existing investors Future Fund, New Enterprise Associates (NEA), Norwest and Singtel Innov8.
The company intends to use the funds to continue its growth in the Cloud Access Security Broker (CASB) market.
Founded in 2013 and led by Nat Kausik, CEO, Bitglass provides cloud security solutions that deliver zero-day, agentless data and threat protection for any app, any device, anywhere.
In the past year, the company was named a Leader in Gartner’s 2018 Magic Quadrant for Cloud Access Security Brokers, earned the number one spot in The Wall Street Journal’s “Top 25 Tech Companies to Watch 2018” list, and was recognized as one of the 100 Coolest Cloud Computing Vendors of 2018 by CRN®, a brand of The Channel Company.