BetterCloud Receives $5M Investment from Dropbox

bettercloudBetterCloud, a New York City-based SaaS Operations Management (SaaSOps) platform, received a $5M investment from Dropbox (NASDAQ: DBX).

The company plans to use the funds to accelerate the growth and development of the platform and its commercial efforts.

Led by David Politis, CEO and Founder, BetterCloud provides a SaaS operations management platform, empowering IT and security teams to define, remediate, and enforce management and security policies for SaaS applications. Over 2,500 customers in 60+ countries use BetterCloud for continuous event monitoring, remediating threats, and fully-automated policy enforcement.

The company also has offices in San Francisco, CA and Atlanta, GA.

BetterCloud and Dropbox also announced a new strategic partnership. The first phase of this partnership involves the development of BetterCloud for Dropbox, a deep integration between the two platforms which will provide advanced data protection and orchestration functionality for Dropbox teams. This new offering for Dropbox customers will allow businesses to enforce custom security policies, scan content for sensitive data, and automate critical processes.
Dropbox will resell and distribute BetterCloud for Dropbox as its preferred solution for enabling secure and faster adoption of Dropbox Business.
BetterCloud for Dropbox will be generally available for purchase as an add-on SKU of Dropbox Business later this year.



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