US-based cloud security software developer vArmour has raised $58m in a round featuring telecommunications company Telstra and financial services firm Standard Chartered.
AllegisCyber Capital and NightDragon co-led the round, which included Highland Capital Partners, Redline Capital and EDBI, while Standard Chartered invested through corporate venturing unit Standard Chartered Ventures.
Founded in 2011, vArmour has developed an application relationship management platform that allows businesses to monitor the user access of their cloud-based software.
Tim Eades, vArmour’s CEO, said: “By giving our customers unparalleled insights into their applications and the identity of each relationship, we equip them to make real-time decisions regarding their critical assets, which helps enhance both their security posture and their end-user experience.”
AllegisCyber and NightDragon also co-led vArmour’s $44m series E round, which was backed by unnamed existing investors, in early 2019. Telstra’s corporate venturing arm, Telstra Ventures, had participated in its $41m series D alongside Redline Capital three years earlier.
The company raised $21m in a 2014 series C round co-led by Citi’s corporate venturing unit, Citi Ventures, with Work-Bench and Columbus Nova Technology Partners, following a $15m series B round led by Menlo Ventures in 2013. Highland Capital had led its $6m series A round earlier the same year.