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Cryptzone Secures $15M Series B Funding Led by Kayne Anderson
June 19, 2015
Cryptzone, a provider of dynamic, context-aware network, application and content security solutions, today announced that it has closed a $15 million Series B round of funding. The round was led by Kayne Partners, the growth private equity group of Kayne Anderson Capital Advisors, L.P., an approximately $29-billion alternative investment firm. Nishita Cummings, Managing Director at Kayne Partners, will join the Cryptzone board representing the firm, which has invested in other leading-edge companies in the security and software sectors like CellTrust, Zafin and FaceFirst. Additionally, existing investor Medina Capital and a number of its limited partners participated in the round.
The funding will accelerate Cryptzone’s go-to-market strategy and fuel its global expansion. Cryptzone’s disruptive solutions allow organizations to avert cyber-attacks via privileged account and third-party users, and prevent the exposure of sensitive and confidential information to unauthorized users, using identity and context to dynamically secure access.