by Marcia Savage
The rush to the cloud can often make security an afterthought, but if recent funding announcements are any indication, the VC community wants to reverse that trend.
CloudPassage, Cloud Lock and Symplified are among the cloud security vendors winning funding this year.
San Francisco-based CloudPassage announced last week that it won $14 million in funding. The company said it would use the money, which brings its total funding to $21 million, to further market and develop its Halo cloud server security platform.
In late March, Waltham, Mass.-based CloudLock said it raised $8.7 million in funding to expand its engineering and sales efforts and extend its cloud security technologies to new platforms. The cloud security vendor provides a security SaaS add on for Google Apps. When I met with Tsahy Shapsa, Cloud Lock co-founder and vice president of sales and marketing, at the RSA Conference 2012, he said the company planned to expand its service to protect other cloud platforms.
Earlier this year, Boulder, Colo.-based Symplified garnered a whopping $20 million in VC financing led by Ignition Partners.
When announcing the CloudLock funding, Luke Burns, a partner with Ascent Venture Partners — CloudLock’s new investor — noted that increased collaboration is a major benefit of cloud computing, but organizations “lose sight and control of the data being shared, both internally and externally.” CloudLock, he added, bridges a “critical, emerging security gap.”
Meanwhile, Brian Melton, managing director at Tenaya Capital – which led CloudPassage’s latest funding – said the cloud security vendor’s technology addresses a large market opportunity. He noted that security has been a “key barrier to cloud adoption.”
The fact that VCs see cloud security as an opportunity is a promising sign. It should help cloud service providers understand that security is critical and provide cloud users with more options for securing their cloud environments.
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