Data security start-up Ionic Security has raised $40m in a Series E funding round led by JPMorgan Chase & Co, as the company secures a number of strategic partnerships.
Tech major, Google participated in the round alongside previous investors including Kleiner Perkins, GV, Icon Ventures, Meritech Capital, TechOperators and Ten Eleven Ventures.
The announcement comes shortly after Ionic entered partnerships with BigID and ReversingLabs. The company also partnered with the Google Cloud in 2017.
Ionic has said it will use the funding to accelerate the “openness, accessibility, and pervasiveness” of its Ionic Data Trust Platform.
Ionic’s platform allows businesses to protect and control their data across clouds and data silos. The Atlanta-based company also provides services such as data encryption, access control, intellectual property monitoring and policy management.
“We are humbled to expand our relationship with market leaders such as JPMorgan Chase, Google, and our existing investors to bring Ionic solutions to a broader audience with greater ease,” said Adam Ghetti, founder and CTO, Ionic Security.
“From our earliest days we have focused on building deep, trusted, and expansive relationships for the benefit of the overall security ecosystem. JPMorgan Chase and Google have demonstrated their commitment to the same ideals after years of close collaboration to create elegant solutions for the complex problems that face the entire enterprise IT landscape.”
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