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Google Ventures, Jafco lead $25.5m financing for data security company Ionic

20 Feb 2014

internet security online keyboardGoogle Ventures and Jafco Ventures have led a $25.5m financing round for data security business Ionic Security.

Existing backers including Kleiner Perkins Caufield & Byers, ff Venture Capital and Tech Operators also took part in the financing round, which brought Ionic’s total funding to $38m.

Jafco general partner Tom Mawhinney said, “The megatrends of mobility and cloud computing have forced enterprises to re-think how they secure their key data and assets and who is best-positioned to help them in that regard.

“The last decade was defined by securing the perimeter and our firm was fortunate to have backed companies such as Palo Alto Networks and FireEye.

“The next decade will be defined by getting distributed data security right, and we believe Ionic has delivered the world’s first comprehensive solution that solves this challenge.”

Google Ventures general partner Karim Faris added, “With the rise of cloud services and an increase in mobile workers, current security models are much less effective than they used to be.

“The classic enterprise perimeter is dissolving, and is being replaced by a new set of requirements.

“Ionic’s distributed approach ties security to your data regardless of where it lives, and represents a significant opportunity for the enterprise.”

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