Blue Cedar Networks raises $10 mln


Blue Cedar Networks said July 19 that raised $10 million in Series A funding from Accelerate IT Ventures, Benhamou Global Ventures, Grayhawk Capital and Generation Ventures. Blue Cedar provides app security.

PRESS RELEASE

SAN FRANCISCO, Calif., July 19, 2016 – Blue Cedar Networks, the leading provider of strong, user-friendly, and device-independent app security, today announced it has received $10M in Series A funding from Accelerate IT Ventures (AITV), Benhamou Global Ventures (BGV), Grayhawk Capital, and Generation Ventures. Advancing its vision of the app as the endpoint, Blue Cedar will use the funds to accelerate its R&D investment to deliver MDM-agnostic, agentless, military-grade app security for CISOs, while still respecting end-users’ privacy and delivering them a consumer-grade “tap & go” connectivity experience.

“There is overwhelming industry evidence that app usage for accessing organizational data is growing at an unprecedented pace, while the number of devices under management is declining within the extended enterprise” said Anik Bose, General Partner at Benhamou Global Ventures. “This is a strong and undeniable signal that CIOs and CISOs who realize that the app is the new endpoint will be uniquely positioned to deliver superior results to their organization. We are delighted to be able to partner with Blue Cedar Networks to help them deliver this vision to their customers.”

Anik Bose of BGV, Brian Nugent of AITV, and Sherman Chu of Grayhawk Capital are joining the Blue Cedar board as part of this Series A round.

Built for the Extended Enterprise

Blue Cedar’s Atlas Platform delivers strong, transparent app security, without the use of device agents, as is currently required by existing management and remote access tools. This provides a tremendous advantage for organizations that are either unwilling or unable to place proprietary and intrusive agents on their users’ devices. In addition to being totally non-intrusive, the Atlas Platform also greatly simplifies user enrollment, certificate-based and biometric authentication, FIPS-certified data encryption and secure multi-protocol connectivity. This unique and powerful combination makes Atlas the fastest, easiest, and most secure platform for organizations to deploy apps to their employees and non-employees across the extended enterprise.

“The ability to secure data on unmanaged devices allows CIOs to deliver transformative apps to their partners, suppliers, customers, and other extended enterprise users” said Brian Nugent, General Partner at Accelerate IT Ventures, which is also an investor in Mocana, from whom Blue Cedar spun out earlier this year. “We are very familiar with Atlas and the Blue Cedar management team through our work with them over the past year, which made us particularly keen to partner with Blue Cedar to launch a new business, focused on making a new market with this proven platform.”

Strong and Growing Customer Footprint and Partner Ecosystem

More than 150 customers, including some of the world’s leading organizations in financial services, wireless and telecommunications, CPG, manufacturing, healthcare and government, are already using the Atlas Platform. It also has a vibrant partner ecosystem comprised of leading technology firms, including SAP, Unisys, and Apperian. More than one million users already consume apps secured by Atlas.

“It is obvious that the vast majority of medium and large organizations are just scratching the surface of app security by delivering email and basic file sharing services” said John Aisien, CEO of Blue Cedar Networks. “By delivering on our vision of the app as the endpoint, we will continue to provide our clients with game-changing capabilities to aid them in realizing their goal of becoming modern, digital organizations.”

About Blue Cedar Networks
Blue Cedar Networks was founded on the principle that the app is the optimal control endpoint for the modern organization. The Atlas platform provides customers with the most secure, scalable, and user-friendly capabilities to safely and seamlessly connect and protect their enterprise apps across the extended enterprise — the user population comprised of employees and non-employees that can drive or derive value from those apps and data.
Blue Cedar Networks has more than 150 customers spanning every major industry vertical, including some of the largest financial services, wireless and telecommunications, CPG, manufacturing, healthcare, and government organizations in the world.

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