# CloudLock

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cloudlock

- Industry: IT Security/Cybersecurity
- Headquarters: Waltham, US
- Website: www.cloudlock.com
- Total disclosed funding: $36M
- Latest round: Series C (Nov 20, 2014)
- Investors on record: 4

## About

CloudLock specializes in cloud security solutions, focusing on safeguarding sensitive data and enhancing enterprise network security through its cloud access security broker (CASB) services. It serves a global clientele across various industries.Founded in 2007 in Waltham, US, CloudLock is known for its cloud security technology dedicated to protecting users and data across cloud services. In June 2016, Cisco Systems, Inc. acquired CloudLock for USD 293.00 mn in cash, integrating its capabilities with Cisco's Security Everywhere strategy. The company has engaged in six investment deals, with its most recent deal occurring on June 18, 2016. The founder, Ron Zalkind, has a history in establishing technology-focused companies in the security domain.CloudLock provides a cloud access security broker (CASB) solution that enhances enterprise network security by safeguarding cloud users and sensitive data. Its offerings enable organizations to make informed policy decisions, mitigate malware spread, restrict data exposure, and prevent data loss across cloud applications. The solution includes functionality within a Security Service Edge (SSE) framework, incorporating services like firewall as a service (FWaaS), secure web gateway (SWG), and DNS-layer security. CloudLock's products cater to a diverse clientele across sectors such as government, healthcare, financial services, and education, with a strong focus on secure operations for hybrid workplaces and remote employees across North America, Europe, and Asia-Pacific.CloudLock operates on a subscription-based revenue model, allowing clients to engage with its CASB solution and complementary security services through annual contracts. The company offers various subscription packages, including services like DNS Security, Cloud Data Loss Prevention (DLP), and Cloud Malware Protection, tailored to meet the diverse security requirements of its clients. This model enables organizations to scale services based on their specific needs, ensuring alignment with operational budgets and security objectives while facilitating secure transactions and compliance across industries.Following its acquisition by Cisco, CloudLock aims to leverage its cloud security technology to enhance Cisco's Security Everywhere strategy. The integration of CloudLock's capabilities is expected to provide seamless protection for users, applications, and data across various cloud services. The rationale behind this acquisition highlights Cisco's commitment to expanding its security offerings, indicating a strategic focus on strengthening its market position in cloud security solutions.

## Funding rounds

- Series C, Nov 20, 2014, $6.7M — Ascent Venture Partners, Bessemer Venture Partners, Salesforce Ventures
- Series C, Jul 24, 2014, $1M — Ascent Venture Partners
- Series C, Jan 29, 2014, $17M — Ascent Venture Partners, Cedar Fund, Bessemer Venture Partners
- Series B, Mar 12, 2012, $8.7M — Ascent Venture Partners, Cedar Fund
- Series A, Mar 16, 2008, $3M — Cedar Fund

## Investors

- Cedar Fund (https://capitalatlas.ai/funds/cedar-fund) — Series A, Series B, Series C
- Ascent Venture Partners (https://capitalatlas.ai/funds/ascent-venture-partners) — Series B, Series C
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series C
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series C