What Bromium’s Funding Means for Cloud Security
What can prompt three experienced professionals in the IT industry – former CTO and SVP of engineering at Phoenix Technologies Gaurav Banga, former CTO of the Data Center & Cloud Division of Citrix Simon Crosby, and former VP of advanced products in the Virtualization and Management Division at Citrix Ian Pratt – to abandon established careers and get together to form a new company?
More importantly, what can prompt three experienced venture capitalist funds – Andreessen Horowitz, Ignition Partners, and Lightspeed Venture Partners – to invest $9.2 million in the aforementioned company?
The answer to both these questions is – a viable idea. Bromium, a company looking to make cloud computing safer, certainly has one. Especially since security is perceived as the greatest threat of going to the cloud, and often cited by naysayers as the reason why they are averse to welcoming this emergent technology (See: Can The RSA Conference Help Dispel Cloud Computing Security Fears?).
Since cloud computing service providers seem to be hesitant in assuming the mantle of responsibility (See: Are Cloud Computing Service Providers Shirking Responsibility on Security?), Bromium can certainly fill this niche. In other words, a customer need exists and there’s no one to address this need. Ergo, Bromium has a ready market.
Secondly, it seems to have the talent to service this need as well. The three cofounders have decades of experience solving problems in Information Technology, with additional cloud computing experience thrown in. With this move, they are emulating entrepreneurs like the founders of German software giant SAP who left IBM to start their own venture, and the Infosys co-founders who resigned from Patni Computer Systems to create one of the largest IT service companies in the world.
“Virtualization and cloud computing offer enterprises a powerful set of tools to enhance agility, manageability and availability, and enable IT infrastructure, desktops and applications to be delivered as a service. But these benefits are out of reach unless the infrastructure is secure and can be trusted,” said Bromium co-founder, President, and CEO Gaurav Banga. “Bromium has the team, the technology and the investors to enable us to deliver fundamental changes in platform security, from client to cloud.”
“The way that virtualization is being used today is in the management domain. But it is our belief that you can do a lot more with it, and the big thing we are interested in is security. There are all sorts of malware out there and we are not doing a very good job of protecting against it. This is one of those problems I like because this is hard,” said Ian Pratt, senior vice president in charge of products at the company.
Cloud computing startups receiving funding is not a rare phenomenon, neither is the rapid success of some of these new ventures (See: Venture Capitalists Flock To Cloud Computing Startup). However, a startup working exclusively on cloud security is comparatively rare. If Bromium lives up to its promise, not only will it become a dominant player, but it can benefit the entire cloud computing industry and accelerate its broader adoption.
By Sourya Biswas