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Skyhigh Networks Raises $20M to Help Organizations Manage Cloud Exposure

Skyhigh Networks, a Cupertino, California-based startup that discovers, analyzes, and controls cloud services in use within an organization, announced that it has received $20 million in a Series B financing round led by Sequoia Capital, bringing the total investment in the company to-date to more than $26M.

Skyhigh helps organizations discover, analyze, and control employee use of more than 2,000 cloud-based services across more than 30 categories such as storage and collaboration. Such services include popular ones such as, Microsoft Office 365, GitHub, and many more.

Skyhigh will use the new capital to support expansion of its sales, marketing, and engineering teams, the company said.

With Skyhigh, IT departments discover, analyze, and control the cloud services used by employees on any device and from any network. Using a homegrown engine powered by Hadoop, the Skyhigh service analyzes cloud service usage and detects anomalies that could indicate potentially harmful use or information leakage.

In typical engagements, Skyhigh said that it identifies over 10 times more cloud services in use than IT was aware of.

The Skyhigh Networks Cloud Services Manager is a zero footprint, multi-tenant service that helps organizations:

Discover: See all cloud services in use and their associated security, legal, and business risks.

Analyze: Identify anomalous behavior and opportunities for consolidating subscriptions.

Control: Enforce key security and usage policies such as access control, data encryption, and data loss prevention.

Greylock Partners, an existing investor, also participated in the round. Aaref Hilaly, partner at Sequoia Capital, has joined Greylock’s Asheem Chandna on Skyhigh Networks’ Board of Directors.

In addition to announcing the new funding, the company unveiled the “30-in-30 Challenge,” which guarantees participants that Skyhigh will uncover at least 30 unknown cloud services in use by their organization in 30 minutes.

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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.