CloudPassage Secures $25.5 Million – Strategy For Securing Cloud Environments

CloudPassage Secures $25.5 Million – Strategy For Securing Cloud Environments

Series C Funding Round Led by Shasta Ventures Validates Need for Purpose-Built Cloud Security and Compliance Platform 

SAN FRANCISCO, CA–(Marketwired – Feb 13, 2014) – CloudPassage®, the Software Defined Security (SDSec) company, announced today that it has closed a $25.5 million Series C financing round. The round is led by Shasta Ventures and includes new investors, Meritech Capital Partners and Stephen Luczo, CEO of Seagate, with participation from existing investors, Tenaya Capital, Benchmark Capital and Musea Ventures.

cloud-passageCloudPassage’s new financing will be used to expand sales and marketing to meet increasing demand from enterprises seeking to secure their public, private and hybrid cloud environments. The round brings CloudPassage’s total capital raised to $53 million. The company is growing rapidly and closed 2013 with the addition of 50 new enterprise customers.

Security continues to be the number one barrier to cloud adoption, but legacy security tools haven’t been able to adapt to address these concerns,” said Jason Pressman, Managing Director of Shasta Ventures. “Businesses are moving to the cloud at an incredible rate with most forecasts running at 30 percent or higher compound annual growth rates, and security must keep pace. CloudPassage is the only company that is helping organizations make that transition seamlessly, while delivering the security and compliance that they demand.”

Halo®, CloudPassage’s security automation platform purpose-built for the cloud, delivers security and compliance for large-scale, distributed environments. Halo was built to be flexible, lightweight and fast to deploy and scale, regardless of the environment. Halo also integrates with leading cloud and security technologies such as VMware, Rackspace, Amazon Web Services, RightScale, Splunk and HP ArcSight, among others.

Cloud security will be a multi-billion dollar market in just a few short years, and CloudPassage has an amazing first-mover advantage,” said Stephen Luczo, CEO of Seagate. “CloudPassage has developed an innovative platform that is purpose-built for the cloud. Its rapid growth and increasing adoption among large enterprises serves as validation the company has the right approach to cloud security.”

CloudPassage currently protects more than 400 production cloud application deployments, including a number of Fortune 1000 enterprises, and automates security for more than 10,000 new cloud workload instances each month.

The combination of agility and immediate scalability make cloud infrastructure a powerful strategy that is being rapidly adopted in every industry. These same characteristics create complexity for security and compliance. Halo was built to be as scalable, automated and agile as the cloud itself,” said Carson Sweet, CEO of CloudPassage. “We’re excited to welcome our new investors as we continue to enable enterprise cloud adoption and enter the next phase of our company’s growth.”

About CloudPassage

CloudPassage is the leading Software Defined Security (SDSec) company and creator of Halo, the industry’s first and only security and compliance platform purpose-built for elastic cloud environments. Halo’s patented architecture operates seamlessly across any mix of software-defined data center, public cloud, and even hardware infrastructure. Industry-leading enterprises trust Halo to protect their cloud and software-defined datacenter environments. Headquartered in San Francisco, CA, CloudPassage is backed by Benchmark Capital, Meritech Capital Partners, Tenaya Capital, Shasta Ventures, Musea Ventures and other leading investors. For more information, please visit http://www.cloudpassage.com

CloudPassage® and Halo® are registered trademarks of CloudPassage, Inc.

Follow Us!

CloudTweaks

Established in 2009, CloudTweaks.com is recognized as one of the leading authorities in cloud computing information. Most of the excellent CloudTweaks articles are provided by our own paid writers, with a small percentage provided by guest authors from around the globe, including CEOs, CIOs, Technology bloggers and Cloud enthusiasts. Our goal is to continue to build a growing community offering the best in-depth articles, interviews, event listings, whitepapers, infographics and much more...
Follow Us!

Sorry, comments are closed for this post.

Comics

At CloudTweaks, we're plugged into the cloud, the internet of things and all that the web has to offer. From wearable technology, to mobile computing, cloud computing and big data, CloudTweaks is your source for updates and news on the most innovative technology.

Popular

Top Viral Impact

BYOD Will Continue To Define Workplaces In 2014

BYOD Will Continue To Define Workplaces In 2014

BYOD Will Continue To Define Workplaces In 2014 The bring-your-own-device trend has been the subject of scrutiny ever since its initial formation. Given how quickly personal smartphones and tablets became a fixture in everyday life, it makes perfect sense that these mobile machines would slip into workplaces. While BYOD has caused headaches for many businesses,…

The Industries That The Cloud Will Change The Most

The Industries That The Cloud Will Change The Most

The Industries That The Cloud Will Change The Most Cloud computing is rapidly revolutionizing the way we do business. Instead of being a blurry buzzword, it has become a facet of everyday life. Most people may not quite understand how the cloud works, but electricity is quite difficult to fathom as well. Anyway, regardless of…

Cloud Infographic – Big Data Survey: What Are The Trends?

Cloud Infographic – Big Data Survey: What Are The Trends?

Jaspersoft Big Data Survey Shows Rise in Commitment to Projects and Decline in Confusion Nearly 1,600 Jaspersoft Community Members Participate in Second Jaspersoft Big Data Survey San Francisco, February 4, 2014 – Jaspersoft, the Intelligence Inside applications and business processes, today shared results from its Big Data Survey. Nearly 1,600 Jaspersoft community members responded to…

The Business Benefits of Cloud CRM

The Business Benefits of Cloud CRM

The Business Benefits of Cloud CRM From software deployment, to mobility, to wearable technology, cloud computing has transformed seemingly every aspect of modern business. Research indicates cloud applications and platforms will be at the forefront of IT spending by 2016, with half of all enterprises implementing cloud solutions by 2017. One of the quickest markets…

Cloud Infographic: Cloud Apps (A Buyers Guide)

Cloud Infographic: Cloud Apps (A Buyers Guide)

Cloud Apps (A Buyers Guide) SaaS has gained huge popularity over the last few years, with an increasing number of enterprises adopting it mainly due to the benefits like pay per use and on demand service. Cloud applications entail thorough testing for their integrity, different from that of on-premise applications. This involves testing of business…

Featured Sponsors

Salesforce Service Cloud: Air Traffic Control For Your Customer

Salesforce Service Cloud: Air Traffic Control For Your Customer

Salesforce Service Cloud One of the greatest benefits of the increasingly reliable and ubiquitous state of cloud technology is the removal of business silos and the consolidation of information flow, both in-house and on the road. This is of particular importance to the many different types of professionals whose work involves customer relationship management (CRM).…

2015 Advertising Opportunities - Find Out More!

Cloud Logo Sponsors

hp Logo CityCloud-PoweredByOpenstack-Blue square_logo_100x100-01
cisco_logo_100x100 vmware citrix100

Established in 2009, CloudTweaks is recognized as one of the leading influencers in cloud computing, big data and internet of things (IoT) information. Our goal is to continue to build our growing information portal, by providing the best in-depth articles, interviews, event listings, whitepapers, infographics and much more.

Contact

CloudTweaks Media
Phone: 1 (212) 763-0021

Join Our Newsletter