Cloud security company Armor has raised $89 million in equity financing to accelerate the adoption of its cloud security platform for public and hybrid cloud environments, the company announced Wednesday.
ST Telemedia (STT) led the Series F funding round, and joins The Stephens Group (TSG) as joint lead shareholder of Armor.
Armor was founded in 2009 as FireHost, and rebranded in 2015 to reflect a focus on security and compliance. The company’s platform provides integrated threat intelligence, automated security orchestration and machine learning managed from its security operations center. The new funding round was Armor’s first since rebranding, and brings its total equity funding to $149 million over seven rounds.
“STT is an active investor in technology infrastructure and enterprise software with a strong focus on driving value across our portfolio of communications, media and technology companies,” Nikhil Eapen, chief strategy and investment officer, STT said in a statement. “Armor’s strong performance, with shareholder support from STT and TSG, creates real opportunity to gain market share as public clouds continue to gain popularity and awareness of Armor increases.”
“Armor protects approximately 1,200 customers across more than 40 countries,” said Chris Drake, founder and CEO, Armor. “Much of our growth has been attributed to word-of-mouth and customers seeking us out as they searched for a reliable security partner. Our goal is for the global community to embrace what our customers already know – Armor’s end-to-end cloud security orchestration platform is the best approach to protect sensitive data backed by measurable results. This additional capital and partnership with STT will help spur innovation, drive brand awareness and broaden global distribution channels.”
A study conducted by Forrester Consulting on behalf of Armor found it Armor Complete and Armor Anywhere solutions deliver a 286 percent return on investment, the company says.
The company provides compliant solutions for regulated industries, and Armor CSO Jeff Schilling recently told Talkin’ Cloud that shadow IT can boost healthcare professional’s productivity, but often bypasses CIOs, causing security concerns.