{"id":659633,"date":"2013-05-22T12:31:20","date_gmt":"2013-05-22T16:31:20","guid":{"rendered":"http:\/\/www.pehub.com\/?p=207904"},"modified":"2013-05-22T12:31:20","modified_gmt":"2013-05-22T16:31:20","slug":"skyhigh-networks-receives-20-mln-in-series-b-financing","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/659633","title":{"rendered":"Skyhigh Networks Receives $20 Mln in Series B Financing"},"content":{"rendered":"

Skyhigh Networks<\/strong> said on Wednesday that it has received $20 million in Series B financing. The lead investor was Sequoia Capital.<\/strong> Greylock Partners<\/strong>, an existing investor, also participated in the round. Also, Aaref Hilaly, a partner at Sequoia Capital, has joined Skyhigh Networks\u2019 board of directors. Skyhigh Networks, a provider of cloud solutions, is based is Cupertino, Calif.<\/p>\n

PRESS RELEASE<\/p>\n

CUPERTINO, Calif. \u2014 May 22, 2013 \u2014 Skyhigh Networks, the cloud visibility and control company, today announced that it has received $20M in Series B financing. The round was led by Sequoia Capital, with participation from existing investor Greylock Partners. Aaref Hilaly, partner at Sequoia Capital, has joined has joined Greylock\u2019s Asheem Chandna on Skyhigh Networks\u2019 Board of Directors. The company also unveiled the \u201c30-in-30 Challenge,\u201d which guarantees participants that Skyhigh will uncover at least 30 unknown cloud services in use by their organization in 30 minutes.
\n\u201cSequoia Capital\u2019s investment provides significant validation of our ground-breaking approach to addressing the previously ignored issue of shadow IT,\u201d said Rajiv Gupta, co-founder and CEO, Skyhigh Networks. \u201cCustomer demand since our launch has been tremendous, and partnering with Greylock and Sequoia will enable us to accelerate our strong growth and build the leading company in the cloud visibility and control market.\u201d
\n\u201cThe rapid spread of BYOD and cloud computing has led to vast numbers of cloud services being adopted, often with no involvement from corporate IT,\u201d said Hilaly. \u201cSkyhigh sets itself apart from other security companies by giving IT a unique \u2018searchlight\u2019 to find these cloud services, assess the risks involved in using them, and control the confidential data stored in them — all in a way that’s respectful of the end user. We are thrilled to partner with Rajiv and his exceptional team who have a long history of delighting customers with innovative products.\u201d
\n\u201cBusiness users expose organizations to security and compliance risks when they adopt new cloud services without IT involvement,\u201d said Asheem Chandna, partner at Greylock Partners and Skyhigh Networks board member. \u201cSkyhigh enables IT teams to reduce these risks and accelerate the safe adoption of cloud services, allowing CIOs to once again become chief enablers of their businesses.\u201d
\nWith Skyhigh, IT departments discover, analyze, and control the cloud services used by employees on any device and from any network. In typical engagements, Skyhigh identifies over 10 times more cloud services in use than IT was aware of.
\n\u201cWe had no comprehensive way of knowing which services were in use, where outgoing data was headed, and what risks these cloud services implied for our business,\u201d said Steve Martino, vice president, Information Security, at Cisco. \u201cThe number of cloud providers we were using was definitely an eyebrow raiser. We knew there would be a number of them, but we were surprised by exactly how many showed up.\u201d
\nIn order to shine a light on shadow IT, Skyhigh also announced the 30-in-30 Challenge. \u201cGive us 30 minutes, and we\u2019re confident we\u2019ll find at least 30 cloud services in use by your organization that you didn\u2019t know about,\u201d said Kamal Shah, VP Products & Marketing, Skyhigh Networks. \u201cIf we don\u2019t, you\u2019ll enjoy 30 months of Netflix on us.\u201d
\nInterested companies can sign up for the 30-in-30 Challenge at: http:\/\/www.skyhighnetworks.com\/product\/evaluation\/30-in-30\/
\nThe Skyhigh Networks Cloud Services Manager is a zero footprint, multi-tenant service that discovers, analyzes, and controls cloud services in use within an organization:
\nDiscover: See all cloud services in use and their associated security, legal, and business risks.
\nAnalyze: Identify anomalous behavior and opportunities for consolidating subscriptions.
\nControl: Enforce key security and usage policies such as access control, data encryption, and data loss prevention.
\nSkyhigh Networks joins a distinguished set of companies, such as LinkedIn Corporation and Palo Alto Networks (NYSE: PANW), where Greylock and Sequoia have partnered with world-class entrepreneurs to build market-leading enterprises. This latest round brings the total investment in the company to more than $26M. Skyhigh will use the new capital to expand its sales, marketing, and engineering teams to meet the increasing demand for its services and to extend its leadership in the cloud visibility and control market.
\nAbout Skyhigh Networks
\nSkyhigh Networks, the cloud visibility and control company, enables companies to embrace cloud services with appropriate levels of security, compliance, and governance while lowering overall risk and cost. With customers including Cisco, Equinix, and Torrance Memorial Medical Center, the company was a finalist for the RSA Conference 2013 Most Innovative Company award and was recently named a \u201cCool Vendor\u201d by Gartner, Inc. Headquartered in Cupertino, CA, Skyhigh is led by an experienced team and is venture-backed by Greylock Partners and Sequoia Capital. For more information, visit us at http:\/\/www.skyhighnetworks.com or follow us on Twitter @skyhighnetworks.<\/p>\n

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Skyhigh Networks said on Wednesday that it has received $20 million in Series B financing. The lead investor was Sequoia Capital. Greylock Partners, an existing investor, also participated in the round. Also, Aaref Hilaly, a partner at Sequoia Capital, has joined Skyhigh Networks\u2019 board of directors. Skyhigh Networks, a provider of cloud solutions, is based […]<\/p>\n","protected":false},"author":8321,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-659633","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/659633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/8321"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=659633"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/659633\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=659633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=659633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=659633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}