Ionic Security, which offers an end-to-end security, identity and access management platform for encrypted enterprise data in the cloud, has raised a $9.4 million funding round led by Kleiner Perkins Caufield & Byers with contribution from TechOperators, Ken Levin and Dr. Paul Judge (founder of the Anti-Spam Research Group), according to TechCrunch.
I’m not gonna lie — when I first saw the company’s press, I honed in on “security” and thought it would be some crazy avatar-robot company, like RoboteX. While this is not the case, a lot of investors are convinced that it’s seamless cloud security system is a game-changer.
The company pivoted away from its previous iteration as “Social Fortress” — focusing on consumers securing their online communications — and users can now centrally manage employee login credentials for software apps, as well as internal applications.
Exciting stuff! I mean…not really…but that’s where so much of the business opportunity lies. That’s why enterprise is the hottest focus of the moment — forget being a King of Consumers! That space is filled — the many is in catering to small and medium-sized businesses, other startups.
That’s why the picture is of Drew Barrymore…cuz she’s boring. #FoolProofLogic #ActuallyARandomPicture