Bitglass, a startup that says its product can protect and separate corporate from personal data on your device of choice, now has $25 million in new funding with which to build out its sales and marketing efforts.
New investors in the Series B round are an unnamed global bank and SingTel Innov8, the investment arm of Singtel Group, the communications conglomerate out of Singapore. Existing backers NEA and Norwest also contributed. Scott Sandell, NEA general partner, will join Bitglass’s board of directors.
This brings total funding for the year-old Campbell, Calif. company to $35 million — there was a $10 million Series A round in January.
As CEO Nat Kausik explained to me then, Bitglass lets you use your personal Gmail account as needed and that traffic flows as it would anyway. But, if you sign onto a corporate account using your business credentials, everything that follows flows through the Bitglass proxy for inspection. No software or additional hardware is installed at your company site or your personal device, but IT must modify the single-sign on for Google Apps or Salesforce.com or whatever to Bitglass.com.
If your device gets lost or stolen, IT just wipes it of corporate data — no need for cumbersome mobile device management. And, perhaps most important in our Bring Your Own Device era, users can keep playing Candy Krush or other apps they love although they will need to sign in and out from corporate accounts.
Clearly, securing corporate data on a wide range of devices that interact with an array of software services is a key area and there is no shortage of competitors including Airwatch, now part of VMware, IBM FiberLink, Citrix Zenprise and CipherCloud.