Adallom will use the funds from a Hewlett-Packard-backed series C round to increase its sales and marketing efforts and continue development of its security software.
Adallom, a US-based developer of software to protect cloud-based applications, closed a $30m series C round yesterday backed by Hewlett-Packard Ventures, the corporate venturing subsidiary of computing firm Hewlett-Packard (HP).
Venture capital firms Rembrandt Venture Partners, Sequoia Capital and Index Ventures also participated in the round.
Adallom provides both software and an on-site service that helps protect applications running in the cloud, facilitating visibility, governance and protection, and the company claims it is seamless for the end-user.
The product is…
