Dome9 collects $16.5m to deliver security and compliance

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fintech insurtech wealthtech regtech ai cybertech esg news

California-based Dome9 Security, a provider of cloud infrastructure security solutions, has raised $16.5m in Series C funding.

The round, which brings the company’s fundraising total to $29.5m, was led by new investor SoftBank Corp and included participation from previous investors. Dome9 closed its $8.3m Series B in 2015, landing capital from Lazarus Israel Opportunity Fund, Jal Ventures, ORR Partners and Pinnacle Financial Partners.

As part of the new funding, SoftBank said it will be the leading distributor of the Dome9 Arc cloud infrastructure security platform in the Japanese market, enabling organisations running workloads in cloud environments to efficiently manage security, compliance and governance.

Masayuki Motoshima, director of cyber security business development at SoftBank, said: “As enterprise adoption of the cloud continues to accelerate, there is a growing need for cloud-native solutions that simplify security operations and compliance. Dome9’s strong traction in the enterprise market attests to the value the technology delivers,and led to our decision to invest.”

Dome9 delivers verifiable cloud infrastructure security and compliance to organisations across every public cloud. Its Arc SaaS platform allows customers to simplify security operations and speed up compliance in their public and multi-cloud environments

Its offering includes technologies to assess security posture, detect misconfigurations, model gold standard policies, protect against attacks and identity theft, and conform to security best practices in the cloud.

Earlier this month, SoftBank was reported to be in talks to sell Snapdeal-owned mobile wallet FreeCharge for as little as $150m to $200m. SoftBank holds a majority 33% share in Snapdeal’s parent company Jasper Infotech and is in talks with potential buyers to sell FreeCharge at a discount of more than 50%.

In February, Softbank participated in SoFi’s Series F round. The $500m round of funding was led by private equity investor Silver Lake and included GPI Capital.

Copyright © 2017 FINTECH GLOBAL

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