Sentrigo Secures $6M for Cloud Expansion, Juniper is Strategic Partner
An innovator in database security, Sentrigo has announced augmentation of finances to the tune of $6 million. This is via financial assistance from a Series C funding round, led by Benchmark Capital and Stata Venture Partners. Aside from these two existing companies, this news became more exciting with Juniper Networks entering the picture. The funds will be utilized as Sentrigo looks outward and plans to expand their database security and data integrity solutions for the cloud.
Douglas Murray, Senior Vice President and General Manager of high-end security and services at Juniper Networks expressed the reason behind their investment in Sentrigo. Murray articulated potential cloud solutions:
“With Juniper’s leadership and focus on securing the next-generation data center, we believe there are significant synergies with companies such as Sentrigo. As the market continues to move toward virtualization and cloud computing, Sentrigo is in a unique position to protect sensitive data, leveraging the strengths of its distributed architecture. We look forward to working with the company through this investment.”
The strategic investment of Juniper Networks was made possible through Junos Innovation Fund. Juniper is tapping Sentrigo’s resources to strengthen their headship in the industry. The organization has been very keen in beefing up their network to take a leap forward. This was seen when Juniper acquired Trapeze Networks by way of an “all cash deal”. The purchase was said to cost $152.1 million in cold cash. They also introduced key innovations in data security like the addition of SRX1400 to secure small to mid-sizes enterprise, including service provider- and mobile operator data center environments. Recently, Juniper has also penetrated mobile security as they became iPad’s choice for this feature. The huge deal gave birth to Juno Pulse.
SiliconANGLE.com exclusive coverage live video with commentary of the Juniper event on SiliconANGLE.tv
Nathan Shuchami, CEO of Sentrigo looked back on how good the year that is about to end and how they are optimistic of their product and their business in the future. He said, “Sentrigo’s approach to securing sensitive information is a key enabler to cloud computing, allowing organizations to deploy the applications they desire, while maintaining compliance.
“We have experienced tremendous growth this year, and as more and more customer infrastructure moves to the cloud, Sentrigo is uniquely positioned to become the leading provider of real-time protection for critical data. Backed by both customer and investor support, we look forward to continuing to innovate with our products, and to bringing their benefits to a wider range of users.”
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