Cloud Applications Security Provider Avanan Receives $25 million Investment

December 28, 2018
Cloud Applications Security Provider Avanan Receives $25 million Investment
Cloud applications security provider Avanan, The Cloud Security Platform (Avanan) has received a $25 million investment. Avanan, which has headquarters in New York, United States, was established in 2014. The company offers a range of services with a specific focus on protecting Software-as-a-Service (SaaS) applications like Office 365, Box and Google with “best-of-breed security from over 70 industry-leading security vendors” at the click of a button. Avanan “protects your data in the cloud with the same industry-leading security you trust in your data center”. The $25 million investment was raised a Series B funding round.

Avanan’s platform leverages the services of vendors that include Check Point, McAfee, Symantec and FireEye. Customers that need to protect SaaS business apps can choose which solutions they require from the suite of offerings Avanan makes available to them via the cloud. Avanan’s customer base includes startups and Fortune 100 companies and its solution is deployed in only 10 minutes, protecting users from “phishing attacks, malicious content, data leakage, account takeover and more.” Avanan’s latest round of investment was received from StageOne Ventures, Magma Venture Partners and Greenfield Partners (an Israeli division of TPG Growth).

“Companies that use SaaS-based email and collaboration platforms quickly realize that hackers find ways to bypass their security,” explained Gil Friedrich, the CEO and co-founder of Avanan in press release. “By connecting directly to the cloud, we not only deploy faster, we detect and block all the threats that proxies are unable to see due to their position outside the cloud. The difference to our customers is night and day.”

Do you know of any other companies receiving investment? Let us know the details. Add your comments below.

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