Avanan, a New York City-based provider of a cloud security platform, raised $14.9m in Series A funding.
Greenfield Cities Holdings, L.P. (GFC), a TPG Growth portfolio company, led the round, with participation from existing investors Magma VC and StageOne Ventures. As part of the investment, Yuda Doron, co-founder and head of GFC, will join the board of Avanan.
The company, which has raised $16.4m in total, intends to use the funds to support its customer base and increase market adoption.
Founded in 2014 by Gil Friedrich, founder and CEO, Avanan provides enterprises with a SaaS platform protecting their Amazon AWS, Box, Google, Office 365, or any other Software-as-a-Service (SaaS) or Infrastructure-as-a-Service (IaaS) cloud product using preconfigured cloud-based versions of security technology from more than 60 leading vendors such as Check Point, Symantec, McAfee, Palo Alto Networks, Sophos and Kaspersky. Avanan’s platform protects the cloud with the full stack of security, including malware protection, antivirus, data leakage prevention, endpoint compliance, behavior monitoring, email security, anti-phishing, encryption and more.
The company has R&D in Tel-Aviv.