CloudLock, a Waltham-based cloud data security company, has raised $16.5 Million in venture financing, the company said today.
"The cloud transformation has only just begun. We have big plans to execute from here that will see investments in building out our world class sales, marketing, and engineering organizations to bring even more value, across more platforms, to a fast growing market," said Gil Zimmermann, CEO & Co-founder of CloudLock.
CloudLock provides security services for enterprise data stored in the cloud.
"As corporate data begins to live on the cloud, the question of managing and securing data has become one of paramount concern. IT departments now struggle to gain the visibility and control they had when data and applications lived on-premise. That's where CloudLock comes in." said Bob Goodman, partner at Bessemer Venture Partners, one of the investors. "We think they have the right product at the right time and the right people to make Cloudlock a success."
Cloudlock will use the money to expand to new markets, increase and improve product lines "grow its operations." The company launched in 2011, and has more than 600 customers.
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