NEWS
NEWS
NEWS
Israeli cloud security startup Avanan raises $14.9m Series A
Israeli cloud security startup Avanan, Inc. has raised $14.9 million Series A in a round led by Greenfield Cities Holdings that included previous investors Magma VC and StageOne Ventures.
Founded in 2014 and with offices in New York and Tel Aviv, Avanan offers a cloud security platform that allows enterprises to protect Amazon AWS, Box, Google, Office 365, or any other Software-as-a-Service (SaaS) or Infrastructure-as-a-Service (IaaS) product and the click of a button, 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 company’s Security-as-a-Service platform protects cloud installs with a full stack of security services, including malware protection, antivirus, data leakage prevention, endpoint compliance, behavior monitoring, email security, anti-phishing, encryption and other features.
Avanan says it service allows organizations to manage cloud security “from a single pane of glass” and lets IT respond to incidents in an automated and scalable way.
“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,” Greenfield Cities Holdings Co-Founder and Chief Executive Officer Yuda Doran said in a statement sent to SiliconANGLE. “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.”
Middleman
Avanan differs from the majority of the security market in that it acts more like a middleman between cloud services and security services, offering a platform that matches both together in an easy to use way.
In an ever growing threat environment, where security solutions continue to evolve and often require new skill sets and time to implement, Avanan is providing a solution that makes IT administration of security services across a variety of cloud services that much more easy.
Including the new round, Avanan has raised $16.4 million to date.
The company said it would use the new funding to support its rapidly growing customer base and the fast pace of market adoption.
Image credit: Avanan.
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