Bitglass, a leader in data protection for the enterprise, today
announced it has secured $25 million in Series B funding. New investors
include a large global bank and SingTel Innov8, the venture investing
arm of SingTel Group, Asia's leading communications group with over 500
million mobile customers. Existing investors NEA and Norwest
participated in the round. Scott Sandell, general partner and head of
NEA's technology investing practice, will join Bitglass' board of
The capital infusion, which brings Bitglass' total funding to date to
$35 million, will be used to expand sales, marketing and technology
development of Bitglass' Total Data Protection solution. Bitglass offers
the industry's most complete solution, securing corporate data in the
cloud, at access and on mobile devices.
"Data security takes center stage in this era of cloud and mobile," said
Jeff Karras, managing director of SingTel Innov8. "Bitglass is a leader
in the US and we look forward to helping them gain global momentum."
Since emerging from stealth in January 2014, Bitglass has enjoyed strong
demand for its Total Data Protection solution. The company currently
enables customers in every major vertical, including healthcare,
financial services, manufacturing and transportation to secure BYOD and
cloud applications such as Google Apps, Salesforce, Microsoft 365 and
"Weare honored to attract capital from investors with a first-hand
understanding of the markets we serve," said Nat Kausik, CEO of
Bitglass. "The fresh capital will enable us to accelerate innovation and
Cloud Adoption Report found that security continues to be the number
one inhibitor to cloud and mobile adoption in the enterprise. Bitglass
has delivered several disruptive innovations that are enabling
enterprises to easily adopt the mobile devices and cloud apps that their
business needs, including the following:
Cloud encryption - Bitglass enables enterprises to adopt public
cloud apps while storing data encrypted in their own private cloud.
Bitglass' patent-pending searchable full-strength encryption technology
has been vetted by leading cryptographers.
Clientless BYOD security -Bitglass secures corporate data on any
device with no software agents or profiles.
Data tracking and visibility - Bitglass' data-centric security
embeds protection directly into the data, and automatically tracks,
encrypts, and redacts sensitive corporate data based on policy and
User experience - Bitglass is completely transparent to end users
allowing them to access corporate data the way that they normally do,
without worrying about whether IT is monitoring their personal
About BitglassBitglass (bitglass.com)
delivers innovative technologies that transcend the network perimeter to
deliver total data protection for the enterprise - in the cloud, on
mobile devices and anywhere on the Internet. Bitglass was founded in
2013 by a team of industry veterans with a proven track record of
innovation and execution. Bitglass is based in Silicon Valley.
About SingTel Innov8SingTel Innov8 (Innov8), a wholly-owned
subsidiary of the SingTel Group, is a corporate venture capital fund,
with its own set of decision making, approval and funding processes. It
has an initial fund size of S$200 million. Innov8 focuses its
investments on technologies and solutions that lead to quantum changes
in network capabilities, next generation devices, digital content
services and enablers to enhance customer experience. It works closely
with the ecosystem of leading innovators, developers, government
agencies, R&D and capital providers to bring cutting-edge technologies
and solutions to the various markets the SingTel Group operates in. Learn
more at http://innov8.singtel.com.
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