Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Perimeter

4/11/2012
11:13 AM
Dark Reading
Dark Reading
Products and Releases
50%
50%

CloudPassage Lands $14M For Series B

Company will use financing to accelerate market penetration of Halo

SAN FRANCISCO — April 11, 2012— CloudPassage™, the leading cloud server security provider, has completed a $14 million series B financing round, bringing the company’s total funding to $21M. The round was led by Tenaya Capital, with participation from existing investors Benchmark Capital and Musea Ventures. Brian Melton, Managing Director at Tenaya Capital, will join the CloudPassage board of directors. The company will use the financing to accelerate market penetration of Halo, its award-winning cloud server security platform and extend its functionality with groundbreaking innovations previously in stealth development. CloudPassage continues to leverage excellent go-to-market timing as Forrester Research predicts the cloud security market to grow to $1.5 billion in 2015. “With the cloud quickly gaining traction, we were the first to provide a security platform that allows companies to safely leverage this new computing model. We’ll be extending our leadership in the IaaS security space with innovations that will change how companies look at server security altogether” said Carson Sweet, co-founder and CEO of CloudPassage. “We’re excited to have the continued backing and expertise of top-tier investors; both Benchmark and Tenaya are well-known leaders who strengthen the company’s ability to refine and execute on our vision.” This new round of financing comes at an inflection point for CloudPassage. The company has experienced subscriber growth of over 70 percent during the first two months of 2012, compared with last year. Launching its first commercial product offering, Halo Professional, in November 2011 and Halo NetSec in February 2012, the company is aggressively expanding its customer base. “We invested in CloudPassage based on the company’s ability to deliver innovative products that address a large market opportunity,” said Melton. “Security has been a key barrier to cloud adoption, and the company’s comprehensive cloud server security platform is well positioned to solve this problem.” CloudPassage helps companies maintain their competitive edge by leveraging the economies of the cloud - securely. Its award-winning Halo server security platform is the only solution purpose-built to operate seamlessly across public, private and hybrid clouds. Halo offers powerful automation of cloud firewall management, vulnerability management, network access control, server account administration and security event alerting. Halo makes it faster and easier to comply with regulatory demands, and it works across all cloud infrastructure providers and hypervisor platforms. Halo Basic is free for up to 25 servers and can be installed in less than five minutes at www.cloudpassage.com/free. About CloudPassage CloudPassage is the leading cloud server security provider, and creator of Halo™, the industry's first and only security and compliance platform, purpose-built for elastic cloud environments. Halo supports cloud server bursting, cloning, and migration and operates across public, private, and hybrid cloud environments. Industry-leading companies like Foursquare, StrongMail and Exois trust Halo to seamlessly manage their server security configuration, host-based firewalls, intrusion detection, and server account auditing from one system. Headquartered in San Francisco, Calif., CloudPassage is backed by Benchmark Capital, Tenaya Capital and other leading investors. Gartner, Inc. named CloudPassage one of four "Cool Vendors in Cloud Security services, 2011." For more information, please visit: www.cloudpassage.com.

About Tenaya Capital Tenaya Capital is a leading venture capital firm with offices in Woodside, California, and Boston, Massachusetts. Founded in 1995 as Lehman Brothers Venture Partners, Tenaya became an independent company in 2009. Over the years they've raised five funds representing over $1 billion of committed capital, investing it in a wide range of high-growth technology companies including software, consumer Internet, communications, semiconductors, electronics, and cleantech. For more information, visit www.tenayacapital.com.

About Benchmark Capital Benchmark Capital, a leading venture capital firm, was founded in 1995 to help talented entrepreneurs with original ideas build successful technology companies. Benchmark’s general partners take a team-oriented, labor-intensive approach to venture investing to deliver a superior level of service to the firm’s portfolio companies. Benchmark’s portfolio includes high-profile startups like Infinera, MySQL, OpenTable, Second Life, Tellme, Yelp and Zillow, and franchise companies such as eBay, Juniper Networks and Red Hat. The firm manages more than USD 2.4 billion in committed venture capital. For more information on Benchmark Capital, visit its website at www.benchmark.com.

About Musea Ventures Musea Ventures is a family venture group run by a father and son team of technologists who specialize in launching groundbreaking companies. Founded in 2006, Musea has differentiated itself with its deep commitment to supporting entrepreneurs from the earliest stages of conception through to a company's maturity. Musea led the seed round of investment for CloudPassage.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
News
FluBot Malware's Rapid Spread May Soon Hit US Phones
Kelly Sheridan, Staff Editor, Dark Reading,  4/28/2021
Slideshows
7 Modern-Day Cybersecurity Realities
Steve Zurier, Contributing Writer,  4/30/2021
Commentary
How to Secure Employees' Home Wi-Fi Networks
Bert Kashyap, CEO and Co-Founder at SecureW2,  4/28/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
How Enterprises are Developing Secure Applications
How Enterprises are Developing Secure Applications
Recent breaches of third-party apps are driving many organizations to think harder about the security of their off-the-shelf software as they continue to move left in secure software development practices.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2021-24259
PUBLISHED: 2021-05-05
The “Elementor Addon Elements� WordPress Plugin before 1.11.2 has several widgets that are vulnerable to stored Cross-Site Scripting (XSS) by lower-privileged users such as contributors, all via a similar method.
CVE-2021-24260
PUBLISHED: 2021-05-05
The “Livemesh Addons for Elementor� WordPress Plugin before 6.8 has several widgets that are vulnerable to stored Cross-Site Scripting (XSS) by lower-privileged users such as contributors, all via a similar method.
CVE-2021-24261
PUBLISHED: 2021-05-05
The “HT Mega – Absolute Addons for Elementor Page Builder� WordPress Plugin before 1.5.7 has several widgets that are vulnerable to stored Cross-Site Scripting (XSS) by ...
CVE-2021-24262
PUBLISHED: 2021-05-05
The “WooLentor – WooCommerce Elementor Addons + Builder� WordPress Plugin before 1.8.6 has a widget that is vulnerable to stored Cross-Site Scripting (XSS) by lower-priv...
CVE-2021-24263
PUBLISHED: 2021-05-05
The “Elementor Addons – PowerPack Addons for Elementor� WordPress Plugin before 2.3.2 for WordPress has several widgets that are vulnerable to stored Cross-Site Scriptin...