CipherCloud Raises $30 Million for Cloud Tokens and Encryption

CipherCloud, a start-up based in San Jose, California, announced $30 million in new venture funding from Andreessen Horowitz for its cloud protection.

CipherCloud provides cloud encryption and tokenization gateways to help enterprises to securely adopt cloud applications by eliminating concerns about data privacy, residency, security and regulatory compliance. The company said it is currently protecting 1.2 million cloud application users and 100 million customer records for more than 40 enterprise clients across eight countries.

The CipherCloud product portfolio supports popular cloud applications including Salesforce, Force.com, Chatter, Google Gmail, Microsoft Office 365, and Amazon AWS.

Customers include top firms in banking, insurance, healthcare and technology, as well as government agencies.

CipherCloud’s existing investors include Andreessen Horowitz, Index Ventures and T-Venture, the venture capital arm of Deutsche Telekom.

"When I founded CipherCloud it was clear to me that the entire enterprise market was accelerating its move to the cloud," said Pravin Kothari, the company's CEO. "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.”

http://www.ciphercloud.com

• Prior to founding CipherCloud, Pravin Kothari was Founder, CTO, and Interim-CEO of Agiliance, a leading Governance, Risk, and Compliance (GRC) software company. Previously, he was Co-founder and VP Engineering of ArcSight