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vArmour Closes $44M Series E, Pushes Multi-Cloud Compliance

February 06, 2019 / Jessica Lyons Hardcastle

Cloud security and compliance company vArmour raised $44 million in Series E funding, led by AllegisCyber and NightDragon, with participation from existing investors. This brings its total war chest to $127 million.vArmour CEO Tim Eades wouldn’t comment on his company’s valuation. But he says the investment puts the 8-year-old startup on track for an initial public offering and profitability within the next 12 to 18 months.“We were cash positive for the last four quarters,” he said. “This funding is to steer us to full-on profitability.”When asked if the company plans to go public, he added: “we would love that. We’re going to steer this thing as hard and as fast as we can, and we think the market is ahead of us.”Eades said that if he asked banks and other potential customers three years ago about moving to hybrid cloud infrastructure, they’d laugh him out of the door. “But particularly in the last two years, the use of ...