Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cloud Security

Cloud Data Security Firm CloudLock Closes $8.7 Million in Funding

CloudLock, a Waltham, Massachusetts-based firm that helps companies secure data stored in the cloud, today announced that it has secured $8.7 million in a Series B funding round.

CloudLock, a Waltham, Massachusetts-based firm that helps companies secure data stored in the cloud, today announced that it has secured $8.7 million in a Series B funding round.

CloudLockThe latest cash injection comes from new investor Ascent Venture Partners along with existing investor Cedar Fund, and will be used to expand the company’s engineering divisions, extend its solutions to new platforms, and accelerate the company’s global sales efforts. The company said it would focus much of its employee growth in its new headquarters located in Waltham, Mass.

CloudLock offers enterprise security solutions for cloud services including Google Docs, Office 365, and others. The company claims over one million users under license to its Security-as-a-Service subscription offering, and has partnered with several cloud VARs and resellers as it looks to continue growth in 2012.

“As more enterprises move their sensitive data to the cloud, we will continue to build on CloudLock’s core governance, risk management and compliance features to help customers cost-effectively extend their data security to their cloud data repositories,” said Gil Zimmermann, co-founder and CEO, CloudLock. “This funding will help us continue to attract the premier talent that are looking for the opportunity to lead the charge in the fast- growing Security-as-a-Service market”

Luke Burns, Partner with Ascent Venture Partners, is leading Ascent’s investment in CloudLock and will join the Company’s Board of Directors.

Written By

For more than 15 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 founder and director of several leading cybersecurity industry conferences around the world.

Click to comment

Trending

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.

Discover strategies for vendor selection, integration to minimize redundancies, and maximizing ROI from your cybersecurity investments. Gain actionable insights to ensure your stack is ready for tomorrow’s challenges.

Register

Dive into critical topics such as incident response, threat intelligence, and attack surface management. Learn how to align cyber resilience plans with business objectives to reduce potential impacts and secure your organization in an ever-evolving threat landscape.

Register

People on the Move

Gigamon has promoted Tony Jarjoura to CFO and Ram Bhide has been hired as Senior VP of engineering.

Cloud security firm Mitiga has appointed Charlie Thomas as Chief Executive Officer.

Cynet announced the appointment of Jason Magee as Chief Executive Officer.

More People On The Move

Expert Insights

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest cybersecurity news, threats, and expert insights. Unsubscribe at any time.