Datacenter security software company vArmour just announced a raise of $36 million in funding. The raise is a combination of a December 2013 B round that landed the company $15 million and a C round that just closed at $21 million.
Menlo Ventures led the B round and Columbus Nova Technology Partners (CNTP), Citi Ventures, and Work-Bench Ventures led the C round.
vArmour is working on software to secure a virtualized world, where cloud computing is king. Security products of the past have focused on both hardware and software solutions that protect the perimeter of a datacenter as well as the stationary files within it; but files and file storage have changed. With “virtualization,” or the increasing use of virtual computers, a file’s location is more tenuous, and old guard security software has a harder time protecting files and locating intruders.
vArmour stands for virtual armour, a nod to its entirely software-based approach. The company wants to protect data centers by monitoring every piece of information that comes in and goes out of a given center, using analytics to process data and tags to identify it.
This is the third raise for the company while still in stealth, bringing its total funding to $42 million. vArmour plans to emerge this fall, no doubt flush with cash.
Menlo Ventures provides smart capital for seed through growth technology companies in the consumer and enterprise sectors. For decades, the firm’s market-driven research analysis has led to the identification of and successful exits ... read more »
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