vArmour, the API-driven cloud security company, announced it
has raised $44M in Series E funding, led by AllegisCyber and NightDragon, with
participation from existing investors. With the worldwide public cloud
services market projected to grow 17.3 percent in 2019 (to total $206.2
billion), the new investments recognize the urgent need for security solutions
that protect data and applications that are increasingly being sprawled across
public and private cloud environments, especially for organizations in heavily
regulated industries.
A core technology that powers its products and services, vArmour's
Conform addresses anxiety among security teams who are struggling with their
organization's rapid expansion to hybrid cloud. Conform bridges security and
compliance policy requirements to public and private cloud. Without it,
security and IT pros are left to the overwhelming task of reconciling diverse
compliance rules to their disparate cloud environments, each with its own
unique security controls and nuances. As a result, they are adopting vArmour
for its elegant simplicity, reduced cost, and helping to achieve continuous
compliance for their organization.
"Organizations are deploying multiple clouds for business agility
and reduced cost, but the rapid adoption is making it a nightmare for security
and IT pros to provide consistent security controls across cloud platforms,"
said Bob Ackerman, Founder and Managing Director at AllegisCyber. "vArmour is
already servicing this need with hundreds of customers, and we're excited to
help vArmour grow to the next stage of development."
Founder of NightDragon, Dave DeWalt, adds, "From my experience,
this is an important solution for the cloud security space. With security teams
now having to manage a multitude of cloud estates and inundated with regulatory
mandates, they need a simple solution that's capable of continuous compliance.
We haven't seen anyone else do this as well as vArmour."
vArmour's solutions are based on significant IP built within its
approach to application security, a method for identifying, securing and
controlling workloads where data and processes are dispersed and traditional
firewalls are ineffective. vArmour's holistic approach includes
auto-discovering hybrid cloud applications, computing
infrastructure-independent communication policies, and measuring effective
enforcement to reduce attack surface and maintain continuous compliance.
"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," said
Tim Eades, CEO of vArmour. "By taming the cloud, vArmour brings peace of mind
all the way to the board room, enabling further cloud adoption and aiding with
regulatory compliance."