The data centre and cloud security software provider, which is backed by Telstra and Citi, has increased its funding to $127m altogether.

VArmour, a US-based cloud security software provider backed by telecommunications firm Telstra and financial services firm Citi, raised $44m in its series E round yesterday.

Cybersecurity-focused investment firms AllegisCyber and NightDragon co-led the round, which included participation from undisclosed existing backers.

Founded in 2011, VArmour has developed cybersecurity software called Conform that is used by organisations to protect data and applications in cloud environments from hacking attacks, helping customers in heavily regulated industries such as finance, healthcare, and telecommunications and government…