Ionic Security Closes Nearly $9.5M Series A-1 Investment
Funding led by Kleiner Perkins Caufield & Byers with TechOperators, to expand
the industry's first unified cloud and mobility security platform; grow sales
and engineering teams
ATLANTA, April 19, 2013
ATLANTA, April 19, 2013 /PRNewswire/ --Ionic Security Inc., delivering the
first unified cloud and mobility security platform for the enterprise, today
announced the close of $9.4m Series A-1 investment round. Led by Kleiner
Perkins Caufield & Byers (KPCB), the round also included Atlanta-based
TechOperators and increased participation by early investors such as famed
security entrepreneurs Ken Levine and Dr. Paul Judge. The capital will be used
to expand Ionic's engineering team, accelerate enterprise sales and increase
awareness of its Fusion platform. Ionic Security also announced that Ted
Schlein, general partner at KPCB, and Tom Noonan, partner at TechOperators,
will join the board of directors.
"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."
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.
"Security needs to change with the times," said Ted Schlein, general partner
of KPCB. "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
Companies of different sizes are required to control and secure their data as
well as their partners' data. Currently piloting its "Fusion" enterprise data
security platform, Ionic Security has seen tremendous interest in its unified
approach to data security and is working with progressive industry leaders in
the financial services, healthcare, pharmaceutical, insurance, aerospace and
federal markets in North America and Europe.
"Ionic Security fits perfectly with TechOperators' focus: investing in great
teams solving hard problems at the intersection of cloud, mobility and
analytics," said Tom Noonan, former CEO of Internet Security Systems and
partner at TechOperators. "The Fusion platform has the opportunity to
massively disrupt the IT security market, as many incumbents continue to focus
on outdated assumptions about enterprise infrastructures. Today's new reality
requires new thinking about data security – and that's exactly what Ionic
"Ted and Tom bring unparalleled experience to our board," said Adam Ghetti,
Ionic Security founder, CTO and chairman. "Their advice and guidance will be
invaluable as we scale quickly and broaden our reach to address the critical
data security challenges facing enterprises today."
About Kleiner Perkins Caufield & Byers (KPCB)
Kleiner Perkins Caufield & Byers (KPCB) has backed entrepreneurs in more than
700 ventures leading to nearly 200 IPOs, over 375,000 jobs and a deep
strategic network. The firm has helped build pioneering companies like Align,
Amazon, Electronic Arts, Genentech, Genomic Health, Google, Intuit, Juniper
Networks, Netscape, Symantec, VeriSign and WebMD. KPCB partners serve on the
boards of Amazon, Apple, Bloom Energy, Flipboard, Foundation Medicine, Google,
Hewlett-Packard, Nest, Square, Tesaro and Zynga, among others. KPCB
accelerates the success of entrepreneurs with a team of partners delivering
company-building services including strategy, operational scaling, recruiting,
business development, product delivery and marketing communications. The firm
invests in all stages from seed and incubation to growth companies. KPCB
operates from offices in Menlo Park, San Francisco, Shanghai and Beijing.
An early-stage venture capital firm, TechOperators was founded on the premise
that proven operators make the best partners for technology
entrepreneurs.Based in Atlanta, Georgia, the firm is led by an expert team of
partners with decades of hard-fought operating success and experience
founding, building and running world-class venture backed software companies.
Extending beyond mentoring, TechOperators applies market-proven strategic and
operational experience to drive growth during all stages of company
building.TechOperators seeks entrepreneurs with bold innovative software
solutions in cloud computing, cyber security, mobile computing, and
marketing.For more information visit www.techoperators.com.
About Ionic Security
Ionic Security (formerly Social Fortress) enables the use of cloud services by
protecting sensitive data anywhere it travels and wherever it resides, whether
on the corporate network, in the cloud or on mobile devices. The first unified
data security platform of its kind, Ionic Security takes a comprehensive
approach to securing data in today's borderless enterprise by providing access
control, intellectual property monitoring, data encryption and policy
management, without proxies or gateways or changes in user behavior. The
company is headquartered in Atlanta, Georgia, and is backed by leading venture
firms such as Kleiner Perkins Caufield & Byers, TechOperators and ff VC as
well as industry experts Christopher Klaus, Ken Levine, Phil Dunkelberger and
Dr. Paul Judge. More information is located at www.ionicsecurity.com.
SOURCE Ionic Security Inc.
Contact: Kathy Cabrera, Carabiner Communications, 678-644-4122,
firstname.lastname@example.org, or Michele Norwood, Carabiner Communications,
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