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Follow The Money: 10 VC Investments To Watch In August
Kari Hamanaka
Bitglass
Headquarters: Campbell, Calif.
CEO: Nat Kausik
New Funding: $25 million
Round: Series B
Backers: SingTell Innov8, New Enterprise Associates and Norwest
Bitglass, launched in 2013, didn't emerge from stealth mode until January with data protection solutions for the enterprise. The Software-as-a-Service provider's products promise to help companies track and encrypt information on mobile devices or cloud applications as more businesses ride the BYOD wave. Bitglass services the finance, health care and manufacturing industries, among others. The Series B funding, which brings total funds raised to $35 million, is expected to help fuel sales, marketing and development efforts.
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