Ionic Security Secures $40.1M in Series C Funding
Summary
Ionic Security Inc., a Atlanta, Georgia-based provider of a comprehensive distributed data protection platform for the enterprise, secured $40.1m in Series C funding.The round was led by Meritech Capital Partners with participation from existing investors Kleiner Perkins Caufield & Byers (KPCB) Google Ventures, Tech Operators and Jafco Ventures.In conjunction with the funding, Mike Gordon, Managing Partner at Meritech Capital Partners, is joining Ionic Security’s board of directors.The company, which has raised $78m to date, intends to use the funds to continue to expand with large enterprises and build out its go-to-market strategy as it prepares to launch in 2015.Founded in 2011 by Steve Abbott, CEO, and Adam Ghetti, CTO, Ionic Security delivers a unified platform for distributed data protection in the cloud, on mobile devices and apps, which combines protection, visibility, attribution, and granular control with massive-scale machine learning, and streaming graph analytics.