CipherCloud, a US-based cloud information protection company backed by Germany-based telecoms company Deutsche Telekom’s corporate venturing unit, has raised $30m from venture firm Andreessen Horowitz.
CipherCloud had previously been backed by Deutsche Telekom’s T-Venture as well as venture firm Index. The two investors and Andreessen Horowitz backed CipherCloud with an undisclosed sum, according to news provider FinSMEs last year.
The company said it planned to use the funding to globalise with expanded sales and marketing and develop its cloud information…
