Cloud Data Protection Startup, Bitglass, Secures $45 Million in Series C Funding to Fuel Global Expansion

Bitglass, a provider of end-to-end data protection from the cloud to the device, founded in 2013, has raised $45 million in series C funding. The new round brings Bitglass’ total funding to $80 million. Bitglass will use the investment to fuel its global expansion in the U.S., EMEA and APAC regions.

Bitglass would enable security-conscious organizations to safely enable secure BYOD and adopt cloud-based applications such as Google’s G Suite, Microsoft Office 365, Box, Slack, Salesforce and more. The company’s total data protection suite provides end-to-end security and visibility over corporate data from the cloud to any device, anywhere.

cloud-hosting-security-solutionsSince inception in 2013, Bitglass has experienced “exceptional” customer growth – particularly in regulated industries, including healthcare, financial services and life sciences.

“Cloud and mobile are driving business data beyond the firewall, introducing new security and compliance risks,” said Nat Kausik, CEO of Bitglass. “Bitglass uniquely delivers real-time inline data protection in the cloud, at access and on any device. This funding is testimony to our strong position in the market and fiscal health.”

Bitglass recently surveyed more than 100 IT executives at the Gartner Symposium/ITxpo on their public cloud strategy. Respondents shared interesting insights on their current deployments and plans for 2017:

  • 22 percent plan to decrease spending on on-premises security infrastructure. Nearly one in five have already decreased their spending on legacy security tools for their cloud application deployments.
  • Today 1 in 3 organizations are cloud only or cloud first.
  • A massive 82 percent of organizations have at least two cloud apps deployed. More than half of respondents have more than four sanctioned apps deployed.
  • More than one in four cited unmanaged device and external sharing control as the most desired capability in 2017.