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Bitglass secures $70m series D funding to further enhance CASB space

April 08, 2019 / Cloud Computing News

Cloud access security broker (CASB) Bitglass has announced a $70 million (£53.6m) funding round aimed at consolidating its leadership of the CASB and cloud security market. The round, a series D, included a new investor in the shape of Quadrille Capital, as well as existing investors Future Fund, New Enterprise Associates (NEA), Norwest, and Singtel Innov8. NEA, as regular readers of this publication will be aware, is a regular investor in the cloud space, with previous bets including Cloudflare, Databricks and Datrium among others.