vArmour Raises $41 Million to Expand Data Center and Cloud Security Leadership Globally Through Strategic Distribution Partners
Funding to accelerate the distribution of vArmour’s simple, scalable and economical data center and cloud security solution
MOUNTAIN VIEW, Calif. – May 24, 2016 — vArmour, the leading data center and cloud security company providing application-aware micro-segmentation with advanced security analytics, announced today that the company has raised $41 million in Series D funding. The round was led by Redline Capital, Telstra and other strategic investors, bringing total company funding to $83 million. vArmour will use the capital for global expansion and to accelerate worldwide software distribution of its Distributed Security System (DSS) through strategic partners in Asia-Pacific, EMEA and in North America. With DSS, organizations can gain application-layer visibility and control of their network, applications and users to prevent, detect and respond to cyber attacks and breaches in data center and cloud environments.
vArmour has deployed its distributed security system at hundreds of organizations across the globe, including a significant number of the world’s largest banks, telecom service providers, government agencies, healthcare providers and retailers. The rapid customer growth validates vArmour’s vision and product leadership as well as strategic initiatives unveiled over the last year addressing organizations’ security challenges, including:
- An industry-wide pathway to a New Security Architecture for Multi-clouds
- Making security simple with Simple Three-step Application-aware Micro-segmentation
- A scalable and economical security architecture named Project Ice Cream
- Strategic technology and go-to-market partnerships with AWS, Cisco, HPE, Nutanix and VMware
“We are solving real problems for real people. vArmour is now segmenting and protecting critical data for some of the largest national infrastructure and financial institutions in the world,” said Tim Eades, CEO of vArmour. “We have proven that our product and model are extremely effective, cost efficient and scalable, and this new round of funding and investment from global distribution partners will propel company growth.”
With shrinking IT budgets and the costs of cybercrime estimated to rise from today’s $500 billion to $2 trillion by 2019, organizations are under extreme pressure to do more with less. vArmour’s funding event comes at a perfect time to help organizations across the globe protect themselves against advanced threats and security breaches, since traditional hardware-centric and agent-based approaches to security are failing.*
According to Gartner analysts Neil MacDonald, Lawrence Pingree and Peter Firstbrook, organizations in regards to firewalls and unified threat management should “consider greater network segmentation or micro-segmentation of east-west traffic in both on-premises and cloud environments to not only provide greater granularity of access between application tiers, but also slow the lateral spread of attacks.” Organizations, in regards to SaaS and public/private clouds, should also “prefer solutions that unify security policy and configuration, no matter what deployment option is being used in a consolidated interface.”**
See what recent investors, customers, industry partners and influencers are saying about the news:
“We believe that vArmour’s genuinely agile and scalable architecture, protecting up to 100,000 workloads across 1,000 hosts in a single solution, is a unique product offering which is perfectly aligned with the rapidly-changing data center and cloud landscape,” said Alastair Cookson, partner at Redline Capital. “We are particularly impressed by the early and deep adoption by demanding customers in many verticals and across the globe, and see this as great validation of vArmour’s approach and technology.”
“The move to multi-cloud requires a completely different approach to security,” said Mark Sherman, managing director at Telstra Ventures. “We are very excited to be investing in vArmour, as we believe they sit at the forefront of this rapidly growing market. With vArmour’s distributed security system that delivers massive scale, coverage and control that agent or traditional perimeter-based solutions cannot support, the company is in a great position to help customers realize the full potential of multi-clouds.”
“Our No. 1 priority is serving our patient community with the best care possible, which means keeping their data safe with the most cutting-edge security solutions,” said Jon Russell, CIO at John Muir Health. “As healthcare is undergoing a massive digital transformation with IT acting as the underpinning for this shift, vArmour is helping us re-think our security architecture to protect patient information without sacrificing speed for service delivery.”
To see learn more about vArmour and Project Ice Cream, visit here. To get up and running quickly with vArmour’s application-aware micro-segmentation, visit http://www.varmour.com to start your trial today.
*Forbes, Cyber Crime Costs Projected To Reach $2 Trillion by 2019, Steve Morgan, 17 January 2016
**Gartner: Best Practices for Detecting and Mitigating Advanced Threats, 29 March 2016
Based in Mountain View, CA, vArmour is the data center and cloud security company, and the leader in application-aware micro-segmentation with advanced security analytics. The company was founded in 2011 and is backed by top investors including Highland Capital Partners, Menlo Ventures, Columbus Nova Technology Partners, Citi Ventures, Work-Bench Ventures, Allegis Capital, Redline Capital and Telstra. The vArmour DSS Distributed Security System is deployed in a significant number of the world’s largest banks, telecom service providers, government agencies, healthcare providers, and retailers, and is leading the industry with a new patented, distributed approach to data security that allows organizations to deliver IT at the speed of business. vArmour partners with companies including AWS, Cisco and HPE to secure many of the largest data center and cloud environments in the world.
vArmour Media Contact:
Highwire PR for vArmour
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