Mobile app security start-up Blue Cedar has raised $17m in a Series B funding round led by C5 Capital, as the VC continues its focus on the cybersecurity investment.
The firm joins existing backers in the round including Benhamou Global Ventures, Generation Ventures, Grayhawk Capital and Sway Ventures.
Blue Cedar’s no-code security integration platform allows clients to easily integrate digital security solutions into mobile, IoT and other edge apps. The San Francisco-headquartered company will use the new funding to enhance its cloud-native platform, Blue Cedar said in a statement.
C5 Capital managing partner Daniel Freeman said, “C5 Capital invests in companies that enable enterprises to generate more value from their data – securely and at scale.
“Technology that enables “silent” integration of cyber security is at the top of every Chief information Security Officer’s wish list, because it makes consistent application of enterprise-grade solutions easy and seamless.
“In a short time, Blue Cedar has forged impressive go-to-market partnerships to address the needs of large corporations. The company and its dynamic management are perfectly placed to address a major need in the cyber security marketplace.”
C5 Capital was founded in 2014 focused on the cyber security, data analytics and cloud computing sectors.
In November last year, C5 led an $18m investment round in identity-focused cyber intelligence company 4iQ. The VC also led a $78m Series B investment round in network analytics and cybersecurity platform, IronNet Cybersecurity.
The firm has aimed to close its second fund in the first quarter of this year, targeting $200m, according to an Unquote report.
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