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Blue Cedar Closes $17 Million Series B Financing to Accelerate Growth for No-Code Mobile App Security IntegrationSAN FRANCISCO, March 19, 2019 /PRNewswire/ -- Blue Cedar today announced a $17 million Series B financing round anchored by new investor C5 Capital, a specialist venture capital firm focused on cyber security, data analytics and cloud computing. Existing Blue Cedar investors, Benhamou Global Ventures (BGV), Generation Ventures, Grayhawk Capital and Sway Ventures, also participated. Blue Cedar will leverage its latest round to accelerate growth, further enhance its cloud-native platform and advance the company's goal of automating the critical function of adding rich security controls into corporate mobile apps. Mobile security is increasingly a major concern for organizations, as data breaches can potentially cost them millions. While many of the world's leading enterprises demonstrate increasing mobile maturity, many have yet to realize the full benefits of mobile adoption due to the difficulty of addressing security concerns. Blue Cedar's no-code, easy-to-use security integration platform allows organizations to quickly integrate the best in class security solutions into mobile, IoT and other edge apps, while saving substantial development hours, IT budget and resources. This leaves the company ideally placed to capitalize and gain share in the mobile application security market that is forecasted to be worth $2.53 billion by 200. Daniel Freeman, C5 Capital Managing Partner, will join Blue Cedar's Board of Directors, bringing to the company significant experience working with fast-growing cyber security software and services companies. "C5 Capital invests in companies that enable enterprises to generate more value from their data - securely and at scale," said Daniel Freeman, Managing Partner at C5 Capital and Blue Cedar Board Member. "Technology that enables 'silent' integration of cyber security is at the top of every CISO's wish list, because it makes consistent application of enterprise-grade solutions easy and seamless. In a short time, Blue Cedar has forged impressive go-to-market partnerships to address the needs of large corporations. The company and its dynamic management are perfectly placed to successfully address a major need in the cyber security marketplace." "Blue Cedar is working to help enterprises uncover the real business benefits of mobile," said John Aisien, CEO of Blue Cedar. "Our focus on in-app security is enabling companies to extract maximum business value, more quickly and at lower cost, from their mobile apps. This financing milestone will allow us to concentrate on continued technology innovation, deepening our partnerships and expanding our market reach." To stay up to date with Blue Cedar, please sign up for our blog at www.bluecedar.com/blog. About Blue Cedar About C5 Capital Press Contact – Blue Cedar Press Contact – C5 Capital
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