Bitglass has announced $70 million in Series D funding from new investor Quadrille Capital and existing investors Future Fund, New Enterprise Associates (NEA), Norwest and Singtel Innov8. This infusion of capital will enable Bitglass to continue its growth and leadership of the Cloud Access Security Broker (CASB) market.
“Asbusinesses move to the cloud, legacy security products are obsolete,” said Edward Colby, partner, Quadrille Capital. “Bitglass has built a cloud-first security platform poised to dominate the market.”
“Cloudadoption is disruptive of incumbents securing networks, servers and other infrastructure,” said Nat Kausik, CEO of Bitglass. “Our Next-Gen CASB uniquely secures against data leakage and threats without installing more hardware and software.”