CipherCloud Raises $30M

CipherCloud, which develops technology to protect cloud data, has raised $30 million in funding from Andreessen Horowitz, the company announced Wednesday. CipherCloud has raised money from Andreessen Horowitz previously, as well as from Index Ventures and T-Venture, the venture capital arm of Deutsche Telekom. As a result of the funding, John Jack, a board partner at Andreessen Horowitz and former CEO of Fortify Software, will join the company’s board of directors.


PRESS RELEASE

CipherCloud, the leader in cloud information protection, today announced that it has
secured $30 million in funding from Andreessen Horowitz. CipherCloud’s
existing investors include Andreessen Horowitz, Index Ventures and
T-Venture, the venture capital arm of Deutsche Telekom. The company
plans to use the new funding to accelerate its global go-to-market
strategy with expanded sales and marketing, to further develop its
cloud information protection offerings and to advance its technology
leadership. John M. Jack, board partner at Andreessen Horowitz and
former CEO of Fortify Software, will join the company’s board of
directors.

CipherCloud is at an advanced stage of market success, technology
maturity and operations for a company taking its first significant
venture funding investment. Since its founding in 2010, the company has
rapidly grown its customer base, protecting 1.2 million cloud
application users and 100 million customer records for more than 40
enterprise clients across eight countries. Customers include top firms
in banking, insurance, healthcare and technology, as well as government
agencies.

“Security is the number one inhibitor preventing organizations from
adopting cloud applications, and CipherCloud has solved this huge
problem in a very elegant way,” said John M. Jack. “CipherCloud is
moving up one of the fastest enterprise adoption curves I have ever
seen. The combination of technology, team and market opportunity makes
this a compelling investment.” (Read more on John’s blog post: Why
Didn’t I Do This?)

The company’s cloud encryption and tokenization gateways empower
enterprises to securely adopt cloud applications by eliminating
concerns about data privacy, residency, security and regulatory
compliance. The groundbreaking technology secures sensitive information
in real time, before it’s sent to the cloud, with no impact to
usability or performance, or change to the cloud application.

The CipherCloud product portfolio supports popular cloud applications
including Salesforce, Force.com, Chatter, Google Gmail, Microsoft
Office 365, and Amazon AWS. Additionally, customers can extend data
protection to hundreds of third-party cloud and private cloud
applications and databases with CipherCloud Connect AnyApp and
CipherCloud Database Gateway.

A security visionary, CipherCloud Founder and CEO Pravin Kothari was
previously co-founder and vice president of engineering at ArcSight,
which was acquired by HP for more than $1.5 billion. He leads a
management team of successful enterprise software executives from tech
giants HP, SAP, Sun Microsystems and Microsoft, all of whom are
experienced at bringing game-changing cloud solutions to the enterprise
market and driving rapid revenue growth.

“When I founded CipherCloud it was clear to me that the entire
enterprise market was accelerating its move to the cloud,” said Pravin
Kothari. “Our vision has been to create solutions that enable
organizations to safely and securely complete their cloud journey while
maintaining a high level of security and retaining control of their
information.”

Gartner Inc.’s latest forecast confirms the tremendous opportunity
ahead of CipherCloud. Analysts estimate the cloud market will double by
2016 to $206 billion and that 25 percent of enterprises will use a
cloud information protection technology like CipherCloud’s.

For more information please visit www.ciphercloud.com.
Additional CipherCloud Resources

CipherCloud’s Encryption Gateway on-demand demo

Best Practices in Securing Your Customer Data in Salesforce, Force.com,
and Chatter Whitepaper

CipherCloud Cloud Encryption Gateway: Overcoming Cloud Security &
Compliance Concerns Whitepaper

Blog on CipherCloud by John M. Jack, Andreessen Horowitz

About CipherCloud

CipherCloud, the leader in cloud information protection, provides cloud
encryption and tokenization gateways to enable organizations to
securely adopt cloud applications by eliminating concerns about data
privacy, residency, security, and regulatory compliance. CipherCloud’s
groundbreaking gateway encrypts sensitive information in real time,
before it’s sent to the cloud, using operations-preserving encryption
and tokenization technology without impacting usability or the
application in any way.

The CipherCloud product portfolio supports popular cloud applications
out-of-the-box such as Salesforce, Force.com, Chatter, Google Gmail,
Microsoft Office 365, and Amazon AWS. Additionally, CipherCloud Connect
AnyApp and Database Gateway enable organizations to extend data
protection to hundreds of third-party cloud and private cloud
applications and databases.

Recognized by Gartner as a Cool Vendor in Cloud Security, CipherCloud
is backed by premier venture capital firms including Andreessen
Horowitz, Index Ventures, and T-Venture, the venture capital arm of
Deutsche Telekom. For more information, visit www.ciphercloud.com and
follow us on Twitter @ciphercloud.

About Andreessen Horowitz
Andreessen Horowitz is a venture capital firm that provides seed,
venture and growth-stage funding to the best new technology companies.
Founded by Marc Andreessen and Ben Horowitz, Andreessen Horowitz helps
entrepreneurs become successful CEOs and build important and enduring
companies. Its investing partners are Marc Andreessen, Ben Horowitz,
John O’Farrell, Scott Weiss, Jeff Jordan, Peter Levine and Chris Dixon,
all widely recognized experts in the creation, scaling and operation of
high growth technology companies. The firm has $2.7 billion under
management across three funds. Among its 170 investments are Airbnb,
Apptio, Box, Fab, Facebook, Foursquare, GitHub, Jawbone, Lytro,
Pinterest, Quirky and Twitter. The firm was established in June 2009
and is located in Menlo Park, California.

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