Venture Capital Access Online | The eMarketplace for the Venture Capital Industry

 

Bookmark and Share   

Home

Marketplace
Database
Deals
News
Store
Resources
Contact Us

 

 

 

News

VCPro Database 2014 (17th Edition) Now Available! Newly released


Venture Capital Deals Spreadsheet Now Available Newly released


 

Adallom Secures $15M Series B Funding

Led by Index Ventures, with participation from existing investor Sequoia Capital, funding will further the development and reach of the company’s innovative SaaS security solution

MENLO PARK, Calif., January 21, 2014-- Adallom, a pioneer in Software-as-a-Service (SaaS) security, today announced it has raised $15M in series B funding led by Index Ventures, with participation from existing investor Sequoia Capital Israel. The new funding will be used for continued expansion of its development and sales teams as demand and market opportunity increase. Shardul Shah from Index Ventures, has joined Sequoia Capital’s Gili Raanan and Zohar Zisapel on the Adallom board of directors.

"Adallom addresses a major security gap that will empower enterprises to protect their new perimeter in the cloud,” said Shardul. “I am extremely impressed with the team of experts Assaf has assembled and the momentum of their growth. I look forward to joining their board."

“The rapid adoption of cloud services by enterprise users exposes these organizations to security and compliance risks,” said Gili Raanan, partner at Sequoia Capital and Adallom board member. “Adallom is providing organizations with real-time analysis and a clear audit trail related to cloud and SaaS-based application usage.”

Protection through Intelligence

Adallom is transforming the way enterprises protect information in SaaS applications and cloud services by monitoring all user activity, detecting unauthorized access and protecting digital assets in real time. By correlating SaaS activity risk information, Adallom detects and prevents insider threats and application-specific attacks automatically, helping organizations extend visibility, control and compliance to SaaS and cloud services. The company’s protection through contextual intelligence approach has led to Adallom becoming the first SaaS security vendor invited to join the Microsoft Active Protections Program, by offering real-time threat mitigation for Office 365 exploitations and vulnerabilities.

“As SaaS adoption continues to grow exponentially, protection gaps in legacy perimeter defenses have become more apparent, as indicated by our growing customer base,” said Assaf Rappaport, co-founder and CEO at Adallom. “This new round by such respected venture capital firms will allow us to grow our salesforce and add to our Tel Aviv-based development team. We are also privileged to have Shardul join our team and look forward to benefiting from his extensive knowledge of today’s SaaS and enterprise software environments.”

Supporting Resources

Follow Adallom on the Web at:
•Adallom website
•Twitter: @Adallom
•LinkedIn

About Adallom

Founded in 2012 by cyber defense veterans, Adallom is a Software-as-a-Service (SaaS) security pioneer. Adallom evolves the way enterprises secure information in SaaS by monitoring all activity, detecting unauthorized access and protecting users in real time. It is available in a private cloud or a SaaS-based solution. Adallom is backed by top tier VC firms Index Ventures and Sequoia Capital. For more information, visit www.adallom.com.

Contact:
Mindshare PR
Heather Fitzsimmons, +1-650-800-7160
heather@mindsharepr.com


News Index

Venture Capital Database

Venture Capital Deals Spreadsheet

 

 NEWS

Latest VC News
VC News Archive
News Search
Venture Capital Deals New
RSS News Feed

List Your Firm

Entrepreneurs
Investors
Advisors

Venture Capital Database

VCPro Database
Download Trial
Buy Now

Venture Capital Deals

vcaDeals
Download Sample
Buy Now

VC Tools

Venture Capital StarterPak
VC Pitch
Private Placement Memorandum
Confidentiality Agreement Package
Series A Preferred Term Sheet
Bridge Financing Contract
Employment Agreements
Understanding Employee Stock Options

Business Plan Tools

Free Business Plan Template
Sample Business Plans
Business Plan Pro

 

 

Copyright © 1998-2014 Access InterComm  All rights reserved. 
Site Map | Privacy Statement | Legal Notice & Disclaimer