Monday, 24th June 2019
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Bitglass secures $70m in growth capital

Bitglass has announced $70 million in Series D funding from new investor Quadrille Capital and existing investors Future Fund, New Enterprise Associates (NEA), Norwest and Singtel Innov8. This infusion of capital will enable Bitglass to continue its growth and leadership of the Cloud Access Security Broker (CASB) market.

“Asimage desc for 6businesses move to the cloud, legacy security products are obsolete,” said Edward Colby, partner, Quadrille Capital. “Bitglass has built a cloud-first security platform poised to dominate the market.”
Bitglassimage desc for 7was founded in 2013 and continues rapid global expansion in its roster of customers and partners. Inimage desc for 8the past year, Bitglass was named a Leader inGartner’s 2018 Magic Quadrant for Cloud Access Security Brokers,image desc for 9earned the number one spot in The Wall Street Journal’s “Top 25 Tech Companies to Watch 2018image desc for 10list, and was recognisedimage desc for 11as one of the 100 Coolest Cloud Computing Vendors of 2018 byCRN®,image desc for 12a brand ofThe Channel Company.image desc for 13Additionally, Bitglass’ Altitude Program was listed in the 2019image desc for 14CRN Partner Program Guide asimage desc for 15one of the strongest channel partner programs for technology and services.
“Cloudimage desc for 16adoption is disruptive of incumbents securing networks, servers and other infrastructure,” said Nat Kausik, CEO of Bitglass. “Our Next-Gen CASB uniquely secures against data leakage and threats without installing more hardware and software.”

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