Adallom, a Menlo Park, Calif.-based SaaS security startup, closed $15m in Series B funding.
The round was led by Index Ventures with participation from existing investor Sequoia Capital Israel. In conjunction with the funding, Index Ventures’ Shardul Shah has joined Adallom’s board of directors.
The company intends to use the funds for continued expansion of its development and sales teams.
Founded in 2012 by Assaf Rappaport, co-founder and CEO, Adallom correlates SaaS activity risk information to detect and prevent insider threats and application-specific attacks automatically, helping organizations extend visibility, control and compliance to SaaS and cloud services.
It is available in a private cloud or a SaaS-based solution.