5 Cloud Security Firms To Stir Spring Funding Frenzy
This spring has been busy for the cloud security market as investors keep making big moves to stay apace with innovation from security companies new and old who seek to help customers secure cloud environments and use the scale of cloud for improved analysis of threats. The flow of green through the cloud security market reached a fevered pitch this week with the announcement of another funding round for Palerra and a huge deal by Singtel to pick up MSSP and cloud security provider Trustwave.
The Company: Palerra.
What It Does: Cloud security automation, gelling together visibility and threat detection across branded applications like Microsoft Office 365 and infrastructure like AWS and cloud security tools like Okta and Zscaler.
The Deal: $17 million in Series B financing.
Why Partners Should Care: Palerra’s hoping to extend its reach through its partnerships with integrators, enterprise risk management consultants and MSSPs. This latest round of funding is particularly aimed at bolstering sales and marketing efforts.
The Company: HyTrust.
What It Does: Cloud security automation, offering private cloud controls, virtual machine encryption and policy-based boundary control for data in hybrid environments.
The Deal: $33 million in equity funding and venture debt.
Why Partners Should Care: This latest deal shows the VC world is doubling down on HyTrust, a company which has had the advantage of experience in the market compared to newer start-ups, giving it time to mature its offerings and its channel ecosystem.
The Company: Elastica.
What It Does: Cloud security broker, offering insight into and control over how users are interacting with cloud applications, and examining patterns to look for intrusions and threats.
The Deal:$30 million in Series B funding.
The Company: Trustwave.
What It Does: Managed security services and cloud-based security testing and management, particularly catering to retailers beholden to PCI compliance and other small businesses.
The Deal: $850 million acquisition by Singapore Telecommunications Limited (Singtel).
Why Partners Should Care: This massive deal offers ample evidence of the smoking hot status of managed security services and the market’s need for players who can effectively scale security through cloud delivery.
The Company: Websense.
What It Does: Web and email security, endpoint security and data loss prevention, scaling threat intelligence and analysis through a cloud-based model.
The Deal: Over $1 billion acquisition by Raytheon.
Why Partners Should Care: After being picked up by private equity firm Vista Equity in 2013, Websense may find a more permanent home through this acquisition. Details are still up in the air as to how this will affect Websense’s channel plays, but it’s definitely a situation partners should keep tabs on.