Ionic Security Gets $9.4 Million
The company says the funds will be used to expand its engineering team, accelerate enterprise sales, and increase awareness of its Fusion platform.
Ionic Security recently announced the close of a $9.4 million Series A-1 investment round led by Kleiner Perkins Caufield & Byers (KPCB), with participation from TechOperators, Ken Levine, and Dr. Paul Judge.
KPCB general partner Ted Schlein and TechOperators partner Tom Noonan will join Ionic's board of directors.
The company says the funding will be used it expand its engineering team, accelerate enterprise sales, and increase awareness of its Fusion platform, which offers a combination of identity and access management, data-centric policy enforcement and comprehensive usage auditing, all managed through simple dashboards.
"Security needs to change with the times," Schelin said in a statement [PDF file]. "Enterprises have historically secured their data through network security, endpoint protections and central identity management offerings that are no match for the complex security challenges inherent in the combination of cloud services and the rise of bring-your-own-device policies. Ionic Security addresses this challenge head-on by providing enablement, not restriction and is poised to become standard in next-generation enterprise IT infrastructure."