Waltham, Mass.-based CloudLock announced on Wednesday that it has closed a $16.5 million round of Series C funding, led by new investor Bessemer Venture Partners. Pre-existing investors Cedar Fund and Ascent Venture Partners also participated in the round.
CloudLock provides additional security measures for platforms like Google Apps and Salesforce within the cloud, affording people the ability to manage their own compliance requirements on their data without diminishing platform functionality.
“Very few investors understand the cloud and security as well as Bessemer does and we could not be more thrilled to add Bob and the rest of the Bessemer team to the CloudLock family," said Gil Zimmermann, CEO and Co-founder of CloudLock, in the release. "Bessemer’s vision of the cloud as the backbone of a business, and track record of funding the companies that enable this innovation, is a perfect match for CloudLock and our goal of providing the cloud security fabric enterprises need."
In 2013 alone, Bessemer invested in a number of cloud and security companies' financing, including Cambridge-based storage performance startup Infinio Systems' $10 million Series A round.
CloudLock will use the new equity to launch into new markets, invest in new product lines and expand its operations stateside as well as in Europe and Israel, according to the release.
Since the company's launch in 2011, CloudLock has raised $28.2 million in funding.
Images via SC Magazine and Wired
