Elastica Closes $30 Million Series B Funding Round to Meet Rapidly Growing Demand for Security in $91 Billion Enterprise Cloud Services Market
Summary
As a member of the Cloud Access Security Brokers category, Elastica is competing in a market that Gartner has identified as rising in importance. This growth is driven by the accelerated adoption of its SaaS-based CloudSOC™ solution that enables global organizations to take full advantage of cloud applications and services while staying safe, secure and compliant. "While cloud apps are increasingly essential for business agility and IT cost effectiveness, they have inherent information exchange and collaboration capabilities that require a new kind of security," said Rehan Jalil, CEO of Elastica. Its CloudSOC™ platform empowers companies to confidently leverage cloud applications and services while staying safe, secure and compliant. A range of Elastica Security Apps deployed on the extensible CloudSOC™ platform deliver the full life cycle of cloud application security, including auditing of shadow IT, real-time detection of intrusions and threats, protection against intrusions and compliance violations, and investigation of historical account activity for post-incident analysis.
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