Story image

SoftBank invests $16.9 million in cloud security provider Dome9

21 Apr 2017

Japanese internet and telecommunications provider SoftBank has provides $16.5 million in Series C funding to cloud infrastructure security provider Dome9.

SoftBank will also be the leading distributor of the Dome9 Arc cloud infrastructure security platform in the Japanese market, which will provide security, compliance and governance for organisations running cloud workloads.

“As enterprise adoption of the cloud continues to accelerate, there is a growing need for cloud-native solutions that simplify security operations and compliance. Dome9’s strong traction in the enterprise market attests to the value the technology delivers, and led to our decision to invest,” comments Masayuki Motoshima, SoftBank’s director of Cyber Security Business Development. 

The Dome9 Arc SaaS platform attracted SoftBank’s interest because of its cloud security orchestration capabilities from security visualization and remediation to active enforcement and protection.

It also offers native native API-enabled integration with AWS, Microsoft Azure and the Google Cloud Platform and other public clouds.

Dome9’s CEO and cofounder Zohar Alon says that Dome9 has seen strong growth, fuelled by major customers such as Proofpoint and Pacific Lite.

“Businesses are realizing that securing cloud environments requires a fundamentally different approach from datacenter security. This funding round will allow us to capitalize on the business momentum by investing in R&D as well as sales and marketing. Partnering with a visionary technology leader such as SoftBank allows us to tap into global demand for better cloud security,” Alon says.

Existing investors also contributed to the total Series C funding round, bringing the total funding to $29 million.

“Dome9 gives enterprise customers the confidence that their workloads are secure in the cloud. I’m confident that together SoftBank and Dome9 will help Japanese organizations maximize the benefit they get from migrating to the cloud,” Motoshima says.

EXCLUSIVE: Forcepoint global channel chief talks strategy
As a solution sold 100% via the channel, cybersecurity solutions company Forcepoint places a strong emphasis on its partner relationships.
Gold Coast launches Australia’s largest city LoRaWAN network
The network is being made available for commercial use and the deployment of wide-ranging IoT applications.
Leopard Systems win dual Zebra Tech partner awards
Leopard Systems was recognised as Zebra’s highest performing APAC Partner Of The Year and APAC Service Partner Of The Year.
IDC: Semiconductor market declines after three years of growth
However, it says that semiconductor revenues will recover in 2020 and log a compound annual growth rate (CAGR) of 2.0% from 2018-2023.
D-Link hooks up with Alexa and Assistant with new smart camera
The new camera is designed for outdoor use within a wireless smart home network.
Virtustream launches new services for cloud applications
The new suite of professional and managed services expands Virtustream’s enterprise application and services solutions.
Secureworks Magic Quadrant Leader for Security Services
This is the 11th time Secureworks has been positioned as a Leader in the Gartner Magic Quadrant for Managed Security Services, Worldwide.
Datto expands A/NZ presence with Sydney office
This investment will enable Datto and its partners to continue to grow and address the IT needs of small and medium businesses (SMBs) in the region.