vArmour, a Los Altos, Calif.-based provider of Application Relationship Management solutions, raised $58M in funding.
The round was led by AllegisCyber Capital and NightDragon, with participation from existing investors Standard Chartered Ventures, Highland Capital Partners, Telstra, Redline Capital, and EDBI.
The company intends to use the funds to hire new people and accelerate product innovation.
Founded in 2011 led by Tim Eades, CEO, vArmour is a provider of an Application Relationship Management platform to control operational risk, increase application resiliency and secure hybrid clouds — all while leveraging the technology they already own without adding costly new agents or infrastructure.
This enables organizations to visualize and control relationships between every user, every application, and across every environment to manage risk, increase resiliency, speed application deployment — all without adding costly new infrastructure components or agents.
The company’s latest offering, the Application Access & Identity Module, is equipping security and operations teams with visibility and control over user access to critical applications, freeing up time and energy spent mining through thousands of relationship networks.
Their new AI and ML research branch is in Calgary, Canada. Investments in people will continue as they hire global go-to-market teams in Munich, Toronto, Singapore, and Melbourne.