The company was part of Flashpoint, a Georgia Tech university accelerator.
Ionic Security, a US-based data security software provider formerly known as Social Fortress, has extended its series A round to $9.4m from a consortium including Google Ventures, the corporate venturing unit of the eponymous search engine provider.
The company was part of Flashpoint, a Georgia Tech university accelerator.
Alongside Google Ventures in the A round was venture capital firms Kleiner Perkins Caufield & Byers (KPCB), TechOperators and FF and angel investors, including Ken Levine (chief executive of NitroSecurity before its acquisition by McAfee), Christopher Klaus (founder of Internet Security Systems purchased by IBM) and Paul Judge (founder of CipherTrust and PureWire, which were bought by Secure Computing and Barracuda Networks, respectively).
FF had been an original investor in July last year when the A round first closed at $2m and had a partner, David Teten, on Social Fortress’ board according to a regulatory filing
Blake Byers, partner at Google Ventures and whose father, Brook, works at KPCB, told news provider BizJournal: “Ionic is building an enterprise security product that moves institutions beyond database security, and into data security — where each piece of data can be individually secured and monitored.”
KPCB invested nearly $6m, TechOperators put in $1.8m and Google Ventures $250,000, according to BizJournal.
