Elastica Announces $6.3 Million in Funding From the Mayfield Fund
San Jose, CA – February 18, 2014 – Elastica – who is taking a ground-breaking data- science-centric approach to making cloud applications and services secure for enterprises and its employees to use – today announced that it has raised $6.3 million in Series A funding from the Mayfield Fund. Also today Elastica came out of stealth mode and launched its CloudSOC™ solution: [press release]
Elastica has an all-star advisory board, including Rayid Ghani, Chief Scientist of the Obama 2012 Campaign, Tom Reilly, former CEO of Arcsight and current CEO of Cloudera, M.C. Srivas, Founder of MapR, and Ion Stoica, Professor at UC Berkeley.
Elastica was founded in 2012 by Rehan Jalil, who previously founded and led WiChorus that outcompeted large incumbents to win global deployments.
Jalil, President and CEO of Elastica, said: “We are focused on enabling the Elastic Enterprise, where companies can achieve the business agility, collaborative capabilities and cost efficiencies to effectively compete in today’s market. By harnessing advanced data science and machine learning, our unique solution provides a missing piece to securing cloud services and applications so that this vision of an Elastic Enterprise can become reality.”
“Elastica is solving a big security pain point for enterprises as they adopt cloud and allow their employees to have access to cloud services from any device. Elastica has a stellar team with the right domain expertise, and we are honored to be championing Rehan, a repeat Mayfield entrepreneur,” said Navin Chaddha, Managing Director of Mayfield Fund and Elastica Board Member.
Elastica has more than 65 team members with deep expertise in data science, big data analytics, security, real-time stream processing, modern visualization and web-scale deployments. Zulfikar Ramzan recently joined as CTO. He was previously the Chief Scientist at Sourcefire (acquired by Cisco) and Immunet, where he led machine learning implementations for advanced persistent threats.
Elastica is the innovator of Data Science Powered™ Cloud Application Security. Its CloudSOC™ solution empowers the Elastic Enterprise and enables companies to confidently leverage cloud applications and services while staying safe, secure and compliant. Elastica Apps on the extensible CloudSOC™ platform today offers cloud audit for Shadow IT, granular transaction visibility, threat detection, security controls and post-incident forensic analysis. Elastica is venture-backed by the Mayfield Fund and is headquartered in San Jose, CA. Learn more about Elastica at http://www.elastica.net. Follow us on Twitter @ElasticaInc.
About The Mayfield Fund
Mayfield Fund is a global venture capital firm with over $3 billion under management and a 44-year history of investing in relationships. Mayfield invests primarily in early-stage IT companies that leverage the drivers of mobile, cloud/SaaS, social, and big data. Since its founding in 1969, the firm has invested in more than 500 companies, resulting in over 112 IPOs and more than 150 mergers or acquisitions. For more information, visit http://www.mayfield.com.
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