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February 20, 2014 11:52 pm GMT

Ionic Security Raises $25.5 Million For Its Encryption-Based Security Tech

11406985424_457c44045f_zGoogle Ventures and Jafco Ventures have co-led a $25.5 million investment in Ionic Security, which is developing a distributed data security platform based on encryption technologies.Security is once again moving to the forefront of business concerns thanks to the billions that companies are spending on new resource planning, customer relationship management, and accounting tools that are offered as a service by technology companies. Couple those hosted software services with the increasingly mobile modern workforce, and chief technology officers are looking at potential breaches in security coming from everywhere.

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