Cloud security firm CipherCloud today announced that it has closed a massive $50 million round of funding led by Transamerica Ventures.
According to the company, the new funds will be used to fuel its go-to-market activities, support international growth in Europe and Asia Pacific, drive the enterprise adoption of CipherCloud’s cloud security platform, and support product development.
CipherCloud’s platform provides cloud application discovery and risk assessment, data protection, searchable strong encryption, tokenization, data loss prevention, key management and malware detection, and user activity and anomaly monitoring services.
CipherCloud’s cloud encryption and tokenization gateways allow enterprises to securely use cloud applications by securing sensitive data in real-time before it is sent to the cloud—without requiring any changes to the cloud application.
Founded in 2010, CipherCloud now has more than 3 million of business users, across 11 different industries. The CipherCloud product portfolio protects popular cloud applications out-of-the-box such as Salesforce.Com, Gmail, Box, Microsoft Office 365, Amazon Web Services, and ServiceNow.
“We began our cloud security journey in 2010 by solving the cryptographer’s dilemma – enabling the breakthrough of searchable strong encryption while preserving the operations of cloud applications,” said Pravin Kothari, founder and CEO, CipherCloud.
“We are thrilled to have five of the top 10 US banks, top healthcare providers, the largest pharmaceutical companies, global telecommunications companies, as well as some of the largest government agencies in the world as customers. This new financing will help us grow even more rapidly and further dominate the market,” Kothari said.
This past summer, CipherCloud acquired software-as-a-service security provider CloudUp Networks in a deal meant to bolster the company’s data protection capabilities.
Other investors participating in the funding round include Delta Partners, and existing investors Andreessen Horowitz, which pumped $30 million into the company in late 2012, and T-Venture, the venture capital arm of Deutsche Telekom.

For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.
More from Mike Lennon
- Watch Now: Threat Detection and Incident Response Virtual Summit
- Registration Now Open: 2023 ICS Cybersecurity Conference | Atlanta
- NetRise Adds $8 Million in Funding to Grow XIoT Security Platform
- Virtual Event Today: Zero Trust Strategies Summit
- Virtual Event Tomorrow: Zero Trust Strategies Summit
- Watch: How to Build Resilience Against Emerging Cyber Threats
- Video: How to Build Resilience Against Emerging Cyber Threats
- Webinar Today: Understanding Hidden Third-Party Identity Access Risks
Latest News
- KeePass Update Patches Vulnerability Exposing Master Password
- AntChain, Intel Create New Privacy-Preserving Computing Platform for AI Training
- Keep Aware Raises $2.4M to Eliminate Browser Blind Spots
- Google Workspace Gets Passkey Authentication
- Cybersecurity Startup Elba Raises €2.5 Million for Employee-Focused Product
- Zoom Expands Privacy Options for European Customers
- Several Major Organizations Confirm Being Impacted by MOVEit Attack
- Apple Unveils Upcoming Privacy and Security Features
