ATLANTA, GA, Ionic Security, a pioneer of high-assurance data protection and control, announced today that it has raised US$45 million in a growth round of funding.
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Additionally, Ionic Security welcomed Amazon.com Inc., Goldman Sachs (GS) and Hayman Capital as equityholders. This growth round brings the total funding to date for Ionic to US$122 million. Existing investors, including GV (formerly Google Ventures), Icon Ventures, Kleiner Perkins Caufield & Byers, Meritech Capital Partners, and Tech Operators also participated in the round. Goldman is an early Ionic platform adopter and was one of the company's first customers. Funds will be used to accelerate the global adoption of the Ionic platform beyond the Fortune 100.
'Trust is the currency of any business, government, academic or personal relationship on the internet,' said Adam Ghetti, founder and CEO of Ionic Security. 'The Ionic platform not only accelerates time to trust but guarantees that trust mathematically. Our platform doesn't trust people or devices, it trusts math. Our goal is simple but important: the widespread adoption of high-assurance data protection and control services so that data can be safe everywhere.'
'We believe that Ionic's platform addresses one of the biggest unsolved security problems for large enterprises today: how to enable employees to utilize modern communication and collaboration platforms while also maintaining adequate controls and security standards,' said Ward Waltemath, managing director and head of the software investment banking business at Goldman Sachs. 'As a customer and an investor, we are pleased to support the global expansion of Ionic's platform.'
Amazon Web Services (AWS) and Ionic are working together to provide Ionic's high-assurance data protection and control services to the most secure cloud infrastructure in the industry and will soon be available via AWS Marketplace (see Ionic Security to deliver high-assurance global data protection & control services in minutes for regulated industries in collaboration with AWS).
'We view Ionic Security as a category-defining company. Ionic has successfully pioneered a data management platform for the digital enterprise and is revolutionizing the way the world thinks about data protection,' stated Kyle Bass, founder and chief investment officer of Hayman Capital. 'Ionic's talented team, led by Mr. Ghetti, has developed best-in-class technology, and Hayman is incredibly excited to join Amazon, Goldman Sachs and Ionic's existing backers in providing support to allow Ionic to further accelerate the development and ubiquitous adoption of the Ionic platform.'
About the Ionic Platform
Ionic's high-assurance data protection and control platform has been designed to be globally available, distributed and resilient. Comprehensive, it offers fine-grain protection for structured, semi-structured and unstructured data in emails, documents, applications, data repositories and machine data. Platform services include advanced data visibility, control, protection and insider threat detection/prevention. Ionic offers enterprise developer access to its platform through robust toolkits and flexible orchestration APIs.
About Hayman Capital Management, L.P.
Hayman Capital Management, L.P. is an SEC-registered investment management firm founded by J Kyle Bass. Based in Dallas, Texas, the firm manages assets of privately offered pooled investment vehicles. The firm's investment mandate is opportunistic and maintains the flexibility to invest globally and across the capital structure. Since its inception in 2005, the firm has identified investment opportunities by employing a global and contrarian investment approach. Hayman Capital Management, L.P. invests with the goal of supporting cutting-edge, technological innovation and driving value for investors.
About Ionic Security
Ionic Security accelerates Internet trust by protecting and controlling data everywhere it travels and anywhere it resides, whether on the corporate network, in the cloud or on mobile devices. The industry's first high-assurance data protection and control platform, Ionic Security takes a comprehensive approach to protecting distributed data in today's borderless enterprise without proxies or gateways or changes in user behavior. The platform has been licensed to millions of users worldwide in a wide range of industries including Financial Services, Public Sector, Retail, Healthcare, Enterprise Software and Manufacturing. The company is headquartered in Atlanta, Georgia, and is backed by leading firms including Amazon.com, Inc., Goldman Sachs, GV (formerly Google Ventures), Icon Ventures, Kleiner Perkins Caufield & Byers, Meritech Capital Partners, and TechOperators. More information can be found at Ionic.com.