Tuesday, May 17, 2016

Avanan Raises $14.9 Million for Cloud Security

Avanan, a start-up headquartered in New York City with R&D in Tel Aviv, announced $14.9 million in Series A financing for its cloud security technology.

Avanan’s Cloud Security Platform  helps enterprises to protect Amazon AWS, Box, Google, Office 365, or any other Software-as-a-Service (SaaS) or Infrastructure-as-a-Service (IaaS) product, using preconfigured cloud-based versions of security technology from more than 60 leading vendors such as Check Point, Symantec, McAfee, Palo Alto Networks, Sophos and Kaspersky.


The funding round was led by Greenfield Cities Holdings with participation from both of Avanan’s existing investors, Magma VC and StageOne Ventures. The round brings the company’s total capital raised to $16.4 million.

“Companies that leverage SaaS platforms such as Office 365 are looking for ways to ensure these platforms are being used in a secure and compliant manner. Avanan created the solution they need with the security technologies they already trust. With their current list of partnerships and integrations, most recognized brands in the industry are on Avanan’s platform,” said Yuda Doron, co-founder and head of GFC. “We’ve been impressed with the fast adoption of the Avanan vision by customers and look forward to partnering for continued growth.”

Avanan was founded in 2014 by the team that led ForeScout’s successful pivot to Network Access Control.

http://www.avanan.com

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