Architecture, Network security

Data security firm Ionic raises $40 million in funding

January 16, 2015

Enterprise data security firm Ionic Security has raised $40 million in funding from Silicon Valley investors.

While the latest round is led by Meritech Capital Partners, it includes contributions from current investors Kleiner Perkins Caufield & Byers, Google Ventures, Tech Operators and Jafco Ventures, according to a release by the firm.

Thus far, Ionic has a total of $78 million in funding.

The company, which invented a document-encryption platform whose details have yet to be released, intends to use the funds to debut the "distributed data protection platform" that many Fortune 100 companies have already tapped into, says Ionic Security CEO Steve Abbott.

Founded in 2011 by a group of security experts including Abott and company CTO Adam Ghetti, Ionic's technology is said to provide enterprises with a high-level of control of their data without the need for gateways. 

prestitial ad