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Cloud Security Firm Bitglass Raises $70 Million

Silicon Valley-based cloud security firm Bitglass this week announced that it raised $70 million in a Series D funding round, which brings the total raised by the company to date to over $150 million.

BitglassNew investor Quadrille Capital and existing investors Future Fund, New Enterprise Associates (NEA), Norwest and Singtel Innov8 participated in the funding round. Bitglass says it will use the money to continue its growth in the Cloud Access Security Broker (CASB) market.

“Cloud adoption is disruptive of incumbents securing networks, servers and other infrastructure,” said Nat Kausik, CEO of Bitglass. “Our Next-Gen CASB uniquely secures against data leakage and threats without installing more hardware and software.”

Founded in 2013, Bitglass provides cloud security solutions designed to help enterprises protect apps and devices against zero-day and other types of threats.

The company previously raised $10 million in 2013, $25 million in 2014, and $45 million in 2017.

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Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.