CEO: David Canellos
New Funding: $12 Million
Backers: Paladin Capital Group, Ascent Venture Partners, Intel Capital
Cloud security is an industry space that most insiders believe will remain in growth mode for the future. The company intends to further invest in the sale and marketing of its cloud security gateway, which uses encryption modules and tokenization techniques to protect sensitive data, specifically in the banking, insurance, government/public sector, health care and manufacturing sectors. The product supports a variety of popular cloud apps, such as Salesforce.com and Oracle CRM On Demand.