Censornets Newest Round of Funding
Censornet, a cloud security company, has recently announced a channel drive. It hopes to increase its partner base within the United Kingdom by upwards of 250 percent over the upcoming months. Censornet plans to work with distributor Blue Solutions to acquire 50 partners. Censornet has been an active participant in the email security sector since 2007 and was acquired by a group of experience industry member led by Ed Macnair.
The company has raised £2m in Series A funding to power the next phase of its growth, funding expansion of its channel teams and R&D. This round of funding comes in conjunction with growing risks of increased utilization of cloud application as mobile devices. Censornet has recently added three heads to both channel sales and management teams with plans of adding at least 5 more.
The round was led by London based Talis Capital; existing investors and management participated. Vasile Foca, Talis Capital founder, has plans to become an investor director on the Censornet . Ed Macnair has commented, “The entire CensorNet team are pleased to be working with Talis Capital and we welcome Vasile to the board. We are confident their experience in SaaS and cyber security will prove invaluable as we continue to grow an exciting business”
Vasile Foca, co-founder and director of Talis Capital, explained, “CensorNet has developed a market-leading product suite which caters to the needs of SMEs struggling to respond to ever more sophisticated cyber security threats.Their experienced team have a track record of building successful software businesses, so we are delighted to be working with them through the next stage of the company’s development.”
CensorNet specializes in cloud application control and analysis, allowing IT departments to monitor and control information flowing to and from cloud applications like Salesforce and Dropbox. Because more companies are utilizing SaaS applications, confidential information is out free in the cloud, outside of an administrator’s control. Alex Kurz, director of sales engineering at CensorNet, has stated, “From our perspective, that’s the logical place we the cloud application controller should sit, because the web gateway already has all the data – it just needs to be analyzed.”