Author: Kyle Wiggers / Source: VentureBeat
The public cloud services market is expanding; some analysts peg it at $186.4 billion and project it’ll grow to $206.2 billion by the end of 2019. But coinciding with its rise is a climb in cybercrime — mostly of the data theft variety — orchestrated by individual hackers, state actors, and crime syndicates alike.
According to RedLock, public cloud account break-ins cause 27 percent of organizations to have users whose accounts are potentially compromised. And in a recent Crowd Research Partners survey, 86 percent of organizations said they feared traditional security solutions won’t work in cloud environments.That’s why eight years ago, former Juniper Networks senior architects Michael Shieh and Roger Lian cofounded vArmour, a Mountain View security company that provides a collection of APIs that apply controls across hybrid clouds. It today revealed that it has raised $44 million in series E financing contributed by cybersecurity venture firm AllegisCyber and NightDragon, which follows a $41 million series D round in May 2016 and $21 million series C in 2014.
The new round brings vArmour‘s total capital raised to $127 million.
“Security and IT pros are having a difficult time maintaining consistent security policy across their private and public cloud environments, so we’ve designed Conform to help these teams manage the numerous compliance requirements they have to deal with,” Tim Eades, CEO of vArmour, said. “By taming the cloud, vArmour brings peace of mind all the way to…
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