CloudLock Secures $8,700,000 Series B Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=defa3c80-b162-438b-b9d7-4a42c96ae40e&Preview=1
Date
3/27/2012
Company Name
CloudLock
Mailing Address
203 Crescent Street Waltham, MA 02453
Company Description
Headquartered in Waltham, Massachusetts, CloudLock is the cloud data protection company that enables control of data while gaining the collaboration and cost savings benefits of the cloud.
Website
http://www.cloudlock.com
Transaction Type
Venture Equity
Transaction Amount
$8,700,000
Transaction Round
Series B
Proceeds Purposes
The latest financing will be used to expand the company’s engineering divisions to keep up with rising customer demand, extend its solutions to new platforms and accelerate CloudLock’s domestic and international sales efforts.
M&A Terms
Venture Investor
Ascent Venture Partners
Venture Investor
Cedar Fund