Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cloud Security

Cloud App Security Firm Elastica Raises $30 Million

Elastica, a San Jose, Calif.-based provider of cloud application security solutions, today announced that it has closed a series B funding round with an investment of $30 million.

Elastica, a San Jose, Calif.-based provider of cloud application security solutions, today announced that it has closed a series B funding round with an investment of $30 million.

Through what the company calls its CloudSOC platform, Elastica helps companies leverage cloud applications and services in a secure and compliant fashion with no on-site software or hardware required.

Various “Elastica Security Apps” running on the CloudSOC platform deliver different solutions, including auditing of shadow IT, real-time detection of intrusions and threats, protection against intrusions and compliance violations, and investigation of historical account activity for post-incident analysis.

“The Elastica CloudSOC platform harnesses advanced data science and machine learning to deliver granular visibility of real-time traffic, advanced anomaly detection to identify threats and real-time content classification,” the company explained. “Granular policies can be created and enforced in real time to prevent data breaches, compliance violations and exposure of sensitive data.”

With more than 130 employees, the company currently has more than 275 enterprise clients and offices in APAC, EMEA and Canada.

According to the company, it will use the investment to further fuel its global expansion, channel sales, engineering, marketing and research teams.

Third Point Ventures led the round, with participation from Mayfield Fund and Pelion Venture Partners.

Advertisement. Scroll to continue reading.

Robert Schwartz from Third Point Ventures has also joined the Elastica board.

“Elastica is the kind of company we like to invest in — one that is rapidly becoming a category leader,” said Schwartz. “Elastica has very strong momentum as it fundamentally changes the way the enterprise makes usage of cloud apps secure. The company’s innovative solutions, strong management and deep bench of data scientists and researchers have enabled a new category of security for cloud apps that traditional security solutions cannot bridge.”

Written By

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.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

SecurityWeek’s Threat Detection and Incident Response Summit brings together security practitioners from around the world to share war stories on breaches, APT attacks and threat intelligence.

Register

Securityweek’s CISO Forum will address issues and challenges that are top of mind for today’s security leaders and what the future looks like as chief defenders of the enterprise.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Funding/M&A

Thirty-five cybersecurity-related M&A deals were announced in February 2023

Funding/M&A

Forty cybersecurity-related M&A deals were announced in January 2023.

Funding/M&A

Seventeen cybersecurity-related M&A deals were announced in the first half of February 2023.

Funding/M&A

More than 450 cybersecurity-related mergers and acquisitions were announced in 2022, according to an analysis conducted by SecurityWeek

Cybersecurity Funding

Network security provider Corsa Security last week announced that it has raised $10 million from Roadmap Capital. To date, the company has raised $50...

Funding/M&A

Forty-one cybersecurity-related M&A deals were announced in March 2023.