CipherCloud offers a cloud visibility and data protection platform that provides comprehensive cloud application discovery and risk assessment, searchable encryption, tokenization, data loss prevention, key management and malware detection. The platform also delivers user activity and anomaly monitoring and is used across industries including financial services, healthcare, telecommunications and government agencies. Its product portfolio protects cloud applications such as Salesforce, Box, Microsoft Office 365 and ServiceNow. Led by founder and CEO Pravin Kothari, CipherCloud will use the financing to further accelerate go-to-market activities and support international growth in Europe and Asia Pacific. The company also plans to advance product innovation efforts to expand and enhance its protection capabilities. CipherCloud, founded in 2011, sells cloud application security that encrypts data before it leaves the enterprise and passes communications through a gateway that tokenizes data while caching real data on‑premise. Its tokens are structurally similar to actual data but have no mathematical correlation, preserving operations such as searching, sorting and reporting within cloud apps. The company partners with cloud services including Salesforce.com, Microsoft Cloud, Amazon Web Services, Box, and Google. CipherCloud reports more than 1.2 million users and 40 customers, including two of the world’s top banks. It positions its single‑key, enterprise‑wide encryption as differentiated from competitors like Symantec and McAfee, which secure at the browser level. Management cites growing concerns about data vulnerability, subpoenas, and compliance as drivers of demand. Market context cited Gartner projections that 25% of enterprises will use a cloud security app by 2016 and that the market could reach $206.6 billion. CipherCloud provides cloud data protection, monitoring and regulatory compliance solutions for enterprises. The company offers connectors for cloud services such as Salesforce, Force.com, Amazon Web Services and Box.net to help customers retain control over sensitive data. It announced CipherCloud Version 2, which adds connectors, an Open API for developers and ISVs, and cloud malware detection to block infected file uploads. The Open API enables developers and ISVs to build custom connectors that leverage CipherCloud's data protection technology with public or private cloud applications. CipherCloud has also pursued international expansion through a partnership with SunBridge Corporation to grow its presence in Japan alongside partners like Cloudware Connections, Intellect Solutions, Lava Protocols and Amazon Web Services Connector. The company raised an undisclosed venture funding round, providing outside investor support for product development and market expansion.

Total raised

$80M

Funding rounds

3

Latest round

Series B

Latest activity

Nov 2014