Saturday, April 20, 2013

Ionic Security Raises $9.4 Million for Cloud+Mobility Enterprise Platform

Ionic Security, a start-up based in Atlanta, announced $9.4 million in Series A-1 funding for its unified cloud and mobility security platform for the enterprise.

Founded in 2011, Ionic Security (formerly Social Fortress) combines identity and access management, data-centric policy enforcement and comprehensive usage auditing to provide enterprises with an unprecedented level of control of their data without the need for, or use of, gateways. Administrating Ionic Security's Fusion platform is done through simple dashboards, tablet-oriented UI and a powerful correlation and policy engine while end-users see no change to their workflows.

The funding was led by Kleiner Perkins Caufield & Byers (KPCB) and included Atlanta-based TechOperators and increased participation by early investors such as famed security entrepreneurs Ken Levine and Dr. Paul Judge.

"Enterprises want to take advantage of the reduced costs and increased usability of cloud and mobile applications, but hesitate due to security concerns," said Steve Abbott, Ionic Security CEO. "Our Fusion platform provides the security controls executives need to approve cloud migrations, especially in regulated environments. Customers see lower costs, higher employee satisfaction and increased security."

http://www.ionicsecurity.com


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