Two years ago, my co-founder Prakash Linga and I set out to address the most challenging data security problem of our time: protecting any kind of data, wherever that information travels. In a highly collaborative world, the need to apply strong security, tightly control access, and manage usage rights in real-time is of critical importance.
It’s our mission to make VERA the trusted standard for securing and sharing any kind of business data, and in a short amount of time we’ve been fortunate to partner with an amazing ecosystem of customers, investors, and partners. Our collaboration with them has shaped the way hundreds of thousands of people in almost every industry are protecting their confidential information.
And now, I’m excited to introduce the next chapter at Vera.
On February 18th we announced our Series B financing, a $17M investment led by Sutter Hill Ventures, with participation from our existing investors Battery Ventures and Amplify Partners. As part of this investment, I’m thrilled to have Stefan Dyckerhoff join our Board. Stefan is known around the Valley as a superb product leader with deep expertise in enterprise networking, systems engineering, and security. His talent with operations and scaling will be a key asset to our team as we ramp up our growth in 2016 and beyond.
This funding comes on the heels of a strong 2015 and even stronger Q4, making last year a breakthrough year for Vera. We jump-started a dynamic data security ecosystem, launching strategic partnerships and integrations with Dropbox, Centrify, Okta, Box, VMware, and Microsoft. Our business grew at a rapid clip, and we added more than a quarter million users at Fortune 500 companies in financial services, media & entertainment, manufacturing, and technology sectors.
With this new investment, we’re already hard at work protecting the data crown jewels of our next set of customers. We see a future where businesses don’t have to worry about where their data travels or who has access. It’s our job to ensure that our customers can protect any kind of information, within any application, anywhere it travels. And even more importantly, we need to make sure that working with that secure data is as simple and seamless inside any application.
You know as well as we do – securing your organization’s most valuable data can’t be an afterthought. Our entire team is excited to bring our vision for a secure, trusted standard for sharing information to the next stage.