Ionic Security Raises $9.5 Million

Ionic Security, a security startup focused on enterprise cloud and mobility, announced that it has raised $9.4m in funding in a Series A-1 investment round led by Kleiner Perkins Caufield & Byers (KPCB). 

According to the company, the new cash will be used to expand its engineering team, accelerate sales and increase awareness of its Fusion platform.

“Enterprises want to take advantage of the reduced costs and increased usability of cloud and mobile applications, but hesitate due to security concerns,” said Steve Abbott , Ionic Security CEO. “Our Fusion platform provides the security controls executives need to approve cloud migrations, especially in regulated environments. Customers see lower costs, higher employee satisfaction and increased security.”

Founded in 2011, Ionic Security (formerly Social Fortress) combines identity and access management, data-centric policy enforcement and usage auditing to provide enterprises with a high level of control of their data without the need for, or use of, gateways, the company explained.

“Security needs to change with the times,” said Ted Schlein, general partner of KPCB. “Enterprises have historically secured their data through network security, endpoint protections and central identity management offerings that are no match for the complex security challenges inherent in the combination of cloud services and the rise of bring-your-own-device policies. Ionic Security addresses this challenge head-on by providing enablement, not restriction and is poised to become standard in next-generation enterprise IT infrastructure.”

Early-stage VC firm TechOperators and security industry veterans Dr. Paul Judge and Ken Levine also participated in the round. 

Alongside the investment, Ted Schlein, general partner at KPCB, and Tom Noonan, partner at TechOperators, will join Ionic Security’s board of directors.