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As more organizations move to cloud-based IT architectures, a startup that’s helping them secure that data in an efficient way has raised some capital. vArmour, which provides a platform to help manage security policies across disparate public and private cloud environments in one place, is announcing today that it has raised a growth round of $44 million.
The funding is being led by two VCs that specialise in investments into security startups, AllegisCyber and NightDragon.
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CEO Tim Eades said that also participating are “two large software companies” as strategic investors that vArmour works with on a regular basis but declined to name them. (You might consider that candidates might include some of the big security vendors in the market, as well as the big cloud services providers, as two possibilities.) This Series E brings the total raised by vArmour to $127 million.
When asked, Eades said that the company would not be disclosing its valuation. That lack of transparency is not uncommon among startups, but perhaps especially should be expected at a business that operated in stealth for the first several years of its life. However, according to PitchBook, vArmour was valued at $420 million when it last raised money, a $41 million round in 2016.
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That would put the startup’s valuation at $464 million with this round, if everything is growing at a steady pace, or possibly more if investors are keen to tap into what appears to be a growing need.
That need might be summarised like this: we’re seeing a huge migration of IT to cloud-based services, with public cloud services set to grow 17.3 percent in 2019. A large part of those deployments — for companies typically larger than 1,000 people — are spread across multiple private and public clouds.
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This, in turn, has opened a new front in the battle to...
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