Cryptzone Funding Accelerates Next Phase of Expansion

June 18, 2015 |
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Today we are pleased to announce that Cryptzone has closed a $15 million Series B round of funding. Led by Kayne Partners, with our existing investor Medina Capital and a number of its limited partners participating, the funding helps us capitalize on a great opportunity ahead for the Company. The funding will help Cryptzone support our accelerated go-to-market strategy and global expansion. We will continue to make significant investments in our development and sales distribution teams, as well as expand the overall market awareness of the company.

Our disruptive approach to securing networks and content – by essentially making an enterprise’s infrastructure invisible to hackers – is a much needed shift in the security paradigm. It is a concept that is taking hold at places like Coca-Cola, Google, and others. And our job is to help ensure that every enterprise, regardless of their size, or whether they have the security brainpower that someone like Google has, can reap these same benefits.

While the majority of cybersecurity spending historically has gone toward building up a perimeter, Cryptzone flips the security paradigm on its head. Cryptzone’s disruptive solutions allow organizations to avert cyber-attacks that happen via privileged account and third-party users, by essentially making an enterprise’s infrastructure invisible. They prevent the exposure of sensitive and confidential information to unauthorized users, using identity and context to dynamically secure access. Cryptzone’s innovative technology makes networks and content invisible, across cloud, virtual or physical environments.

Hackers are winning the war today, and their success is forcing enterprises to significant rethink how they approach security. We have seen a significant uptick in interest in our solutions over the past year, and we are excited that this latest round of funding will allow us to capitalize on that opportunity faster and more broadly in the future. You can read more about the funding here.

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Barry Field

Barry Field is the Chief Executive Officer of Cryptzone, a provider of dynamic, context-aware network, application and content security solutions. In his role, Field oversees the company's global strategic vision, product development, international growth and expansion into new markets. Field comes to Cryptzone from Medina Capital, where his responsibilities have included sourcing potential investment opportunities and providing Medina Capital’s portfolio companies with strategic advice in all aspects of the sales function.

Prior to joining Medina Capital, Field was the SVP of Global Sales of Verizon Terremark. In that role, he was responsible for managing the global sales organization for the cloud, data center and managed security businesses. Verizon Terremark’s total revenues at the time of his departure exceeded $1.5 billion, and annualized bookings were in excess of several hundred million dollars.

With more than 20 years of experience as a sales executive leading IT infrastructure sales organizations, Field has served in multiple sales leadership roles, including the East Coast Regional Sales VP and VP of Worldwide Sales, for Data Return, a managed services provider that was ultimately acquired by Terremark. His early career included sales executive roles with iKnowledge and Wallace Computer Services. Field received his Bachelor’s in Marketing from Fairfield University.

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