Ionic Security Raises $25.5 Million For Its Encryption-Based Security Tech
Summary
Couple those hosted software services with the increasingly mobile modern workforce, and chief technology officers are looking at potential breaches in security coming from everywhere. Ionic Security’s backers, including previous investors Kleiner Perkins Caufield & Byers, ffVenture Capital, Tech Operators, and additional new investor Webb Investment Network, believe Ionic’s distributed approach to addressing security issues can ease businesses’ concerns. Bitcoin exists because there is a distributed set of processing resources that have to agree.” The Atlanta-based TechCrunch Disrupt SF Battlefield company will use the money to build out its go-to-market strategy. Ghetti said the company will significantly increase its headcount, doubling the number of employees from roughly 50 to over 100 by the end of the year. Ionic already has over half a dozen customers using the technology in what Ghetti called the “early access stage.” Ionic initially launched in 2011 as Social Fortress and began as a way for consumers and enterprise customers to simplify and secure data, including email, messages, photos, tweets and status updates.