SoftBank leads $16.5m funding round for Dome9 Security
Dome9 Security, an Israeli cloud infrastructure provider, has announced the close of $16.5 million (£12.8m) in series C funding led by Japanese tech giant SoftBank.
Alongside the funding, SoftBank will also be the leading distributor of the Dome9 Arc cloud infrastructure security platform in the Japanese market.
Dome9, which was founded in 2010, aims to provide verifiable infrastructure security for every public cloud, including the primary suspects of Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform. Dome9 Arc is a software as a service platform which enables organisations to visualise their security posture, identify and mitigate risks at all times across public cloud infrastructure environments. The platform also enables greater integration and security for DevOps teams.
The move indicates a further shift by SoftBank towards cloud technologies. In December last year, the company announced a venture alongside Chinese firm Alibaba, offering packaged Alibaba Cloud services for the Japanese market under the name of SB Cloud.
“As enterprise adoption of the cloud continues to accelerate, there is a growing need for cloud-native solutions that simplify security operations and compliance,” said Masayuki Motoshima, director of cyber security business development at SoftBank Corp in a statement. “Dome9’s strong traction in the enterprise market attests to the value the technology delivers, and led to our decision to invest.”
This publication first shone a spotlight on Dome9 in 2011, arguing the company was ‘one of several to crowd an increasingly busy market sector’. The company has won several awards since then, including being named as a 2016 emerging vendor by Computer Reseller News. The company's total funding now stands at $29 million.
- » What is cyber insurance truly worth? Analysing the risks and responses
- » Five key takeaways from RSA Conference 2020: Cloud SIEM, Zero Trust, API-based security, and more
- » Cloud complexity and ‘terrifying’ IoT means organisations’ asset visibility is worsening – report
- » Realising the impact of unsecured container deployments: A guide
- » A day in the trenches with IT operations: How to create a more seamless practice