Mar 19, 2019, 09:00 ET
SAN FRANCISCO, March 19, 2019 /PRNewswire/ -- Blue Cedar today announced a $17 million Series B financing round anchored by new investor C5 Capital, a specialist venture capital firm focused on cyber security, data analytics and cloud computing. Existing Blue Cedar investors, Benhamou Global Ventures (BGV), Generation Ventures, Grayhawk Capital and Sway Ventures, also participated.
Blue Cedar will leverage its latest round to accelerate growth, further enhance its cloud-native platform and advance the company's goal of automating the critical function of adding rich security controls into corporate mobile apps.
Mobile security is increasingly a major concern for organizations, as data breaches can potentially cost them millions. While many of the world's leading enterprises demonstrate increasing mobile maturity, many have yet to realize the full benefits of mobile adoption due to the difficulty of addressing security concerns. Blue Cedar's no-code, easy-to-use security integration platform allows organizations to quickly integrate the best in class security solutions into mobile, IoT and other edge apps, while saving substantial development hours, IT budget and resources. This leaves the company ideally placed to capitalize and gain share in the mobile application security market that is forecasted to be worth $2.53 billion by 2020.
Daniel Freeman, C5 Capital Managing Partner, will join Blue Cedar's Board of Directors, bringing to the company significant experience working with fast-growing cyber security software and services companies.
"C5 Capital invests in companies that enable enterprises to generate more value from their data - securely and at scale," said Daniel Freeman, Managing Partner at C5 Capital and Blue Cedar Board Member. "Technology that enables 'silent' integration of cyber security is at the top of every CISO's wish list, because it makes consistent application of enterprise-grade solutions easy and seamless. In a short time, Blue Cedar has forged impressive go-to-market partnerships to address the needs of large corporations. The company and its dynamic management are perfectly placed to successfully address a major need in the cyber security marketplace."
"Blue Cedar is working to help enterprises uncover the real business benefits of mobile," said John Aisien, CEO of Blue Cedar. "Our focus on in-app security is enabling companies to extract maximum business value, more quickly and at lower cost, from their mobile apps. This financing milestone will allow us to concentrate on continued technology innovation, deepening our partnerships and expanding our market reach."
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About Blue Cedar
Blue Cedar is the leading mobile app security integration platform for organizations who need to continuously integrate best in class security controls into their mobile apps through an automated, no-code, enterprise grade solution. Blue Cedar provides consistent protection while mitigating company risk of data exposure, ultimately saving thousands of development hours and substantial IT budget. Blue Cedar is funded by leading venture capital firms and is headquartered in San Francisco. For more information, visit www.bluecedar.com.
About C5 Capital
C5 Capital Limited (C5) is a specialist venture capital firm, focused on Innovative Technologies in Cyber Security, Artificial Intelligence and Cloud Computing. Headquartered in London, C5 also has offices in Washington, Munich, Luxembourg and Bahrain. For more information, visit: www.c5capital.com.
Press Contact – Blue Cedar
Jennifer Lyle, Barokas PR
Press Contact – C5 Capital
Emily Jones, Hudson Sandler
0207 706 4133
SOURCE Blue Cedar
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