Cloud Security Funding: Bitglass Raises $70 Million in Growth Capital
Cloud access security broker (CASB) Bitglass has secured $70 million in Series D funding from Quadrille Capital and other investors. The company will use the funding to accelerate its growth in the CASB market.
The Bitglass funding comes after the company in November announced a distribution partnership with Hitachi Solutions. With the distribution pact, Hitachi has integrated Bitglass’ CASB solution into its cloud security portfolio and provides Bitglass sales, marketing and technical support to its Japanese customers and partners.
A Closer Look at Bitglass’ CASB Solution
Bitglass’ CASB solution enables organizations to manage the flow of sensitive data into and out of their cloud environments, according to the company. It offers cloud data loss prevention (DLP) and contextual access control and allows organizations to monitor and manage data at rest in the cloud via application programming interfaces (APIs).
In addition, Bitglass’ CASB solution delivers searchable cloud encryption to protect data at rest, the company indicated. It also safeguards data against zero-day malware and other cyber threats.
Bitglass: Here’s What You Need to Know
Bitglass provides end-to-end data protection across managed and unmanaged apps. In doing so, Bitglass helps organizations secure their data across all devices, at all times.
Furthermore, Bitglass offers a partner program for technology resellers and integrators. This program enables partners to use Bitglass’ CASB solution to help organizations safeguard their data in cloud and mobile environments.