Avanan Raises $14.9M in Series A

What does Avanan do?

Avanan, is a cloud security innovator. The company is  a venture backed startup which is still in stealth mode. It offers enterprise grade security for data in the cloud. The company’s cloud security platform is a new way of securing the cloud. With a simple click of a button enterprises can protect Box, Amazon AWS, Office 365, Google, or any other SaaS or IaaS, using the company’s preconfigured cloud based versions of security technology from over sixty leading vendors such as McAfee, Symantec, Check Point, Sophos, Palo Alto Networks and Kaspersky. Companies which leverage software as a service platforms such as Office 365 are finding ways for ensuring these platforms are being used in a compliant and secure manner. This cloud security innovator company has created a solution that is necessary with the security technologies that these companies already trust. With their existing list of integration and partnerships, most renowned brands in the industry are on this company’s platform.

How much Avanan was funded?

The company raised $14.9M in Series A on May 17, 2016 from the investors StageOne Ventures, Greenfield Cities Holdings and Magma.

Previous funding

$1.5M in Series A on July 1, 2014 from StageOne Ventures and Magma Venture Partners

What is next for Avanan?

The company has raised a total of $16.4 M in funding to date. The latest round of funding will help the company in supporting its rapidly growing consumer base and the fastly growing market adoption. The company is impressed with the fast adoption of its vision by consumers and is looking forward for partnerships for its continued growth. As a part of the investment, Doron will join the company’s Board of Directors.

More about Avanan

The company was founded in 2014 by Gil Friedrich, Michael Landewe and Roy Rotem. It has its headquarters in New York, NY.