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CipherCloud Raises $30M From Andreessen Horowitz For Cloud Encryption Technology

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http://techcrunch.com – CipherCloud has raised a new $30 million round of funding from Andreessen Horowitz for its cloud application security technology. The investment follows a previous seed round from Andreessen for $1.4 million. Founded in 2011, CipherCloud has already had phenomenal success. The company has more than 1.2 million users and 40 customers, including two of the world’s top banks. Founder Pravin Kothari, who previously sold security company ArcSight to Hewlett Packard for $1.6 billion, said in an interview that the core value of the technology comes from the capability to encrypt data before (IT news)

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Submitted by hwq123 on 12/05/2012

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