Nov, 2014 : CipherCloud Receives $50 Million In Series B Funding


📅 - California based cloud encryption company CipherCloud has successfully secured $50 million in Series B funding to continue expanding its business internationally.

Funding for CipherCloud, which now totals to $80.1 million, comes from Transamerica Ventures, Delta Partners, Andreessen Horowitz, and Deutsche Telekom, reports TechCrunch.

This funding will help the cloud company expand its service, which offers security, encryption, and data loss prevention. Currently the company has 500 employees and customers from five of the top 10 banks, healthcare providers, telecommunications companies, and pharmaceutical companies.

CipherCloud's first round of funding came in 2012 where the company received $30 million.

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