US-based distributed data security platform Ionic Security closed a $40m series E round yesterday backed by GV and Google, a corporate venturing arm and the internet subsidiary respectively of technology conglomerate Alphabet.
Financial services firm JPMorgan Chase led the round, which also featured Kleiner Perkins, Icon Ventures, Meritech Capital, TechOperators and Ten Eleven Ventures as well as several unnamed new and existing investors.
Founded in 2011 as Social Fortress, Ionic has created cybersecurity software that enables enterprise clients to maintain control over who has access to structured and unstructured data even after sharing files.
The funding will help Ionic drive business growth. The company previously formed a partnership with Google Cloud, the company’s suite of cloud computing services, to give the corporate’s clients access to Ionic’s platform.
Rohan Amin, chief investment officer, consumer and community banking, at JPMorgan Chase, has joined Ionic’s board of directors.
Ionic has now raised $162m in funding. E-commerce and cloud computing company Amazon previously backed a $45m round in 2016 that also featured GV, Kleiner Perkins Caufield & Byers (KPCB), Meritech Capital Partners and Tech Operators.
GV participated in a $40.1m series C round in 2015 led by Meritech and also featuring KPCB, Icon and Tech Operators. GV and Icon had co-led a $25.5m series B round in 2014 that featured KPCB, Tech Operators, Webb Investment Network, FF Venture Capital and assorted angel investors.
In 2013, GV contributed to a $9.4m series A round together with KPCB, Tech Operators and various private investors.
