CipherCloud is San Jose-based internet Security Company that deals cloud adoption, security control and compliance. It offers services such as data loss prevention and recovery, malware detection and removal, Strong Searchable Encryptions, risk assessment, and cloud application usage and discovery. In addition, it offers anomaly-monitoring services and tokenization. Tokenization is the substitution of sensitive data with insensitive equivalent. CipherCloud’s job is to encrypt data in real time before it is transmitted to cloud environment through Searchable Strong Encryption approved by FIPS. Once the data gets to the cloud environment, it can only be decrypted under the condition that the authorized user retrieves and returns it back to the cloud environment. The encryptions keys are usually stored locally in the authorized user’s server and it is never shared to the cloud providers.
History of CipherCloud
Provin Kothari founded the company in 2010. In 2011, Kothari integrated Amazon web services into his company, which previously worked in Salesforce.com alone. The new workforce raised the sales of the company to $1.4 million. CipherCloud also reaped similar amount from Andreessen Horowitz’s investments in the same year. In 2012, the company’s Gmail encryption solution was released. The new encryption allowed encryption of other platforms such as Chatter, Force.com, and Microsoft office 365 .CipherCloud also launched a new app called ‘Connect AnyApp in the same year. The app enables the users to choose the web pages they want to be encrypted and the data operations and formats remains unchanged. In December 2012, CipherCloud received an investment funding worth $30 million from Index ventures and Andreessen Horowitz. In addition, Deutsche Telekom, through the capital arm of T-ventures contributed in this funding round. Not to forget Andreessen’s partner, JohnJack, who from their joint venture, joined England CipherCloud executive board. The company expanded its offices in London, England. In 2013, CipherCloud opened an additional office in Australia.
In 2014, the firm launched Cloud Discovery, a new product used by companies to analyze cloud application and assess the applications’ financial risk within the firm. The Forbes magazine indicated that Cloud Discovery is capable of analyzing several cloud applications such as IT management, CRM, HR, file sharing, productivity and collaboration.
The firm closed its funding round B in 2014 with total profits of $50 million. Existing investors such as T-ventures and Andreessen Horowitz led the successful venture including Delta partners who joined later led the successful funding round.