The company plans to use the cash infusion to continue developing its cloud information protection products and accelerate its global go-to-market strategy with expanded sales and marketing.
"Our vision has been to create solutions that enable organizations to safely and securely complete their cloud journey while maintaining a high level of security and retaining control of their information," said Pravin Kothari, CEO and founder of CipherCloud.
CipherCloud's cloud encryption and tokenization gateways allow enterprises to securely adopt cloud applications. Sensitive information is secured in real-time before it is sent to the cloud, and CipherCloud does so without requiring organizations to make any changes to the cloud application.
Customers decide what data is sensitive and needs to be protected, whether it's several fields in a database, text in email messages, documents attached to those messages, or specific data items within the text that fit a certain pattern, such as Social Security numbers and credit card numbers.
CipherCloud products support popular cloud applications including Salesforce, Force.com, Chatter, Google Gmail, Microsoft Office 365, and Amazon Web Services. Customers can also extend CipherCloud's data protection to other cloud applications and databases using CipherCloud Connect AnyApp and CipherCloud Database Gateway.
“Security is the number one inhibitor preventing organizations from adopting cloud applications, and CipherCloud has solved this huge problem in a very elegant way,” said John M. Jack, board partner at Andreessen Horowitz and former CEO of Fortify Software. Along with the investment, Jack will also join CipherCloud's board of directors.
"Pravin has accomplished amazing things as the CEO in his first couple years, including hiring 130 employees and maintaining the same cash balance in the bank he had at his seed round (in which we participated)," Jack wrote in a blog post.
Founded in 2010, CipherCloud now has more than 40 enterprise clients across eight countries in industries such as banking, insurance, healthcare, technology, and in government. CipherCloud claims it is currently protecting 1.2 million cloud application users and 100 million customer records.