Ionic Security Doubles Down on Data SecurityIonic Security Doubles Down on Data Security
Data security vendor Ionic Security has secured $25.5 million in venture funding from a group of investors including Google Ventures and Jafco Ventures as it seeks to expand its distributed security technology.
February 21, 2014
Data security vendor Ionic Security has secured $25.5 million in venture funding from a group of investors that includes Google Ventures and Jafco Ventures as it seeks to expand its distributed technology offering.
The investment will help Ionic to continue to develop its new and advanced ways of addressing security threats outside of traditional security measures used to protect corporate data, according to the company. This latest round of funding brings the total amount raised by the company to $38 million since it was started in 2011.
"With the rise of cloud services and an increase in mobile workers, current security models are much less effective than they used to be. The classic enterprise perimeter is dissolving, and is being replaced by a new set of requirements," said Karim Faris, general partner at Google Ventures in a prepared statement. "Ionic's distributed approach ties security to your data regardless of where it lives, and represents a significant opportunity for the enterprise."
According to the press release, Ionic is looking to get away from the more anachronistic practice of using gateways to secure virtual private networks (VPNs) and move communications into the realm of solving data security solutions at the Internet scale. Utilizing gateways for network security no longer is a feasible option now that there are so many users attempting to access corporate databases across a wide scale of devices, said Ionic CTO and co-founder Adam Ghetti.
“To do it even in small scale at just enterprise scale is significantly burdensome to management, to infrastructure and to cost, not to mention the performance impact,” Ghetti said in an interview with The VAR Guy. “Traditionally you didn’t have large volumes of users going to large volumes of places from large volumes of other devices. What we’ve done is solve for that data and security and visibility problem that enterprises have … without having to implement gateways.”
Now that Ionic has the backing of Google Ventures, Ghetti said the company plans to double its workforce within the next year to improve support to existing customers and plan for additional customers in the future. Ghetti hopes that by 2015 Ionic will be distributing its data security solutions through the channel.
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