Cloud: Bitglass raises $ 70 million to protect corporate data

by bold-lichterman

As businesses move to the cloud, are their security solutions right? The American company Bitglass, founded in 2013, thinks not. The company therefore offers a platform specializing in security for the cloud. A proposal that still appeals to investors, since Bitglass has just completed its fourth round of funding for an amount of $ 70 million led by a new entrant, Quadrille Capital. Historical investors Future Fund, New Enterprise Associates (NEA), Norwest and Singtel Innov8 also participated. In total, Bitglass has raised $ 150 million.

Reverse proxy and machine learning

The SaaS solution developed by Bitglass allows businesses to protect their data on all cloud applications and devices without having to install additional hardware or software. Its proxy provides protection “against known and unknown data breach risks and malware threats, on managed and unmanaged applications, as well as on managed and unmanaged devicesDescribes the company.

Bitglass’ platform is based on various solutions, including its agentless reverse proxy functionality which uses AJAX-VM technology to ensure the resilience of applications. “Competing solutions rely entirely on complex, agent-based direct proxy solutions or suffer from outages and downtime as cloud providers develop and modify their applications», Explains the Californian company. It has also developed a solution based on machine learning that automatically identifies new applications, learns their behavior and escape routes to better control them. Bitglass customers range from SMEs to large corporations in a wide range of industries, from financial services to healthcare. But the competitors are also numerous, one can quoteBitglass: the key data

Founders: Anurag Kahol, Nat Kausik
Creation: 2013
Seat: San Francisco
Activity: Cloud application security
Funding: $ 150 million in total