Adallom, a SaaS security platform, has raised $15 million in Series B funding led by Index Ventures, with participation from existing investor Sequoia Capital Israel. The new funding will be used for continued expansion of the company's development and sales teams as demand and market opportunity increase. As part of the transaction, Index Ventures' Shardul Shah has joined Sequoia Capital’s Gili Raanan and Zohar Zisapel on the Adallom Board of Directors.
Adallom aims to transform the way enterprises protect information in SaaS applications and cloud services by monitoring all user activity, detecting unauthorized access and protecting digital assets in real time. The company previously raised $4.5 million of funding in 2012.