Adallom Raises $50M to Revolutionize Cloud Security for SaaS Applications

Adallom, a leading cloud access security broker founded in 2012 by cyber defense veterans, is thrilled to announce the successful raise of $50,000,000 in its latest funding round. This substantial investment is set to accelerate the company’s mission to deliver unmatched visibility, governance, and protection for SaaS applications including Salesforce, Google Apps, Office 365, and Box. Since its inception, Adallom has built a reputation for innovation with its pioneering platform, which is not only simple to deploy and seamless to integrate but also highly extensible, offering both SaaS-based and on-prem solutions tailored to diverse enterprise needs. The fresh capital infusion will enable Adallom to further enhance its industry-leading SmartEngine™, a suite of advanced heuristics that drives its robust security protocols. Additionally, the funds are earmarked for expanding Adallom Labs, the elite cybersecurity research team behind breakthrough advancements that safeguard corporate data and maintain strict governance of cloud application usage. This funding milestone marks a significant step forward in the company’s journey to secure the ever-evolving cloud ecosystem and address the sophisticated threats posed by modern cyber adversaries. By bolstering research and development efforts, scaling strategic operations, and broadening its market reach, Adallom is well-positioned to continue setting new benchmarks in cloud security. For more information on Adallom’s innovative solutions and its ongoing commitment to safeguarding enterprise environments, visit www.adallom.com or follow @adallom on Twitter.