Bitglass, a US-based data protection technology producer, secured $45m in series C capital on Friday from investors including Singtel Innov8, the corporate venturing subsidiary of telecommunications firm Singtel.
The round was led by Future Fund, the sovereign wealth fund of Australia, and included venture capital firms Norwest Venture Partners and New Enterprise Associates (NEA), and undisclosed existing backers.
Founded in 2013, Bitglass provides software that enables staff to use their personal devices while ensuring visibility over corporate data across the network.
The technology enables businesses to easily enforce corporate data security policies across cloud-based applications such as Salesforce, Office 365 and Box.
The series C money will support international expansion across the US, Europe, the Middle East and Africa, and the Asia-Pacific region.
Bitglass has now raised a total of $80m in funding. Singtel Innov8 contributed to a $25m series B round alongside NEA, Norwest and an unnamed financial services firm in 2014, after NEA and Norwest had supplied $10m in series A capital for the company in 2013.
Nat Kausik, chief executive of Bitglass, said: “Cloud and mobile are driving business data beyond the firewall, introducing new security and compliance risks.
“Bitglass uniquely delivers real-time inline data protection in the cloud, at access, and on any device. This funding is testimony to our strong position in the market and fiscal health.”
– The original version of this article appeared on our sister site, Global Government Venturing.