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Elastica raised funds of $30 mn

March 16, 2015 • DEALS

About a year after launching its system to protect business data stored on the Web, cybersecurity company Elastica has landed $30 million from investors to continue its expansion into the global market.

San Jose, CA-based Elastica was founded in 2012 to provide the traditional services of cybersecurity companies, such as risk assessment and data loss prevention, to 21st-century businesses that now keep much of their data in third-party cloud storage applications such as Dropbox and process their data with Web-based software.

Elastica now has 275 businesses either paying for its services, trying out its system, or preparing to become paying clients.

Elastica’s $30 million Series B fundraising round was led by new investor Third Point Ventures, with participation by Australian telecommunications company Telstra, Pelion Venture Partners, and existing investor Mayfield Fund. The round brings Elastica’s total fundraising to $36.3 million, the company says. The new capital will be used to expand the company’s engineering team and its sales staff, which has been expanding from North America to Europe and Asia.

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Cybersecurity Company, Elastica, FUNDING, Series B Fundraising
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