California-based Dome9 Security, a provider of cloud infrastructure security solutions, has raised $16.5m in Series C funding.
The round, which brings the company’s fundraising total to $29.5m, was led by new investor SoftBank Corp and included participation from previous investors. Dome9 closed its $8.3m Series B in 2015, landing capital from Lazarus Israel Opportunity Fund, Jal Ventures, ORR Partners and Pinnacle Financial Partners.
As part of the new funding, SoftBank said it will be the leading distributor of the Dome9 Arc cloud infrastructure security platform in the Japanese market, enabling organisations running workloads in cloud environments to efficiently manage security, compliance and governance.
Masayuki Motoshima, director of cyber security business development at SoftBank, said: “As enterprise adoption of the cloud continues to accelerate, there is a growing need for cloud-native solutions that simplify security operations and compliance. Dome9’s strong traction in the enterprise market attests to the value the technology delivers,and led to our decision to invest.”
Dome9 delivers verifiable cloud infrastructure security and compliance to organisations across every public cloud. Its Arc SaaS platform allows customers to simplify security operations and speed up compliance in their public and multi-cloud environments
Its offering includes technologies to assess security posture, detect misconfigurations, model gold standard policies, protect against attacks and identity theft, and conform to security best practices in the cloud.
Earlier this month, SoftBank was reported to be in talks to sell Snapdeal-owned mobile wallet FreeCharge for as little as $150m to $200m. SoftBank holds a majority 33% share in Snapdeal’s parent company Jasper Infotech and is in talks with potential buyers to sell FreeCharge at a discount of more than 50%.
In February, Softbank participated in SoFi’s Series F round. The $500m round of funding was led by private equity investor Silver Lake and included GPI Capital.
Copyright © 2017 FINTECH GLOBAL
![Temenos (SIX: TEMN) today announced that National Bank of Iraq (NBI), part of the Capital Bank Group, has successfully gone live with Temenos core banking and payments. NBI, which has 27 branches across Iraq, offers a comprehensive range of services to individuals and businesses in the country. Since 2005, NBI has been majority owned by Capital Bank, one of the top financial institutions operating in the Jordanian and regional markets, with assets of approximately JOD 7.6 billion[1]. With this implementation, NBI moved from its legacy systems onto the same core banking platform as other entities in the Capital Bank Group. This will enable NBI to operate more efficiently and integrate seamlessly with other systems to develop new products faster and deliver an improved customer experience. Capital Bank Group is a long-standing Temenos customer with other entities in the Group including Capital Bank of Jordan, Bank Audi, Société Générale Bank Jordan and NBI Saudi Arabia, already on the Temenos platform. NBI also becomes the first part of the group to adopt Temenos Payments, which enabled the bank to process more than 100,000 transactions of incoming and outgoing domestic and international payments in the first 15 days of operation, with a 99% straight-through processing rate. The migration to the Temenos platform for core banking and payments at NBI was completed in under 12 months thanks to Temenos’ pre-configured banking and payments capabilities and APIs which reduced the need for complex customizations, as well as close collaboration between Temenos, NBI, Capital Bank and delivery partner ITSS. This success was recently recognized in the IBS Intelligence Innovation Awards, with Capital Bank winning ‘Best Implementation of Core Banking Services'. The implementation at NBI follows several other successful transformation projects with Temenos for Capital Bank in the last few years, including the launch of NBI’s branch operations in Saudi Arabia in just 45 days, as well as the integration of Bank Audi and the former Jordanian operations of Société Générale, each of which was achieved in under four months. Collectively, these projects helped Capital Bank to increase operational efficiency by more than 50% within three years, bringing significant cost savings and an improved customer experience. With faster, more accurate processing and immediate service requests, the bank has maintained high customer retention rates and a reputation for service excellence. Izzidin Abusalameh, Chief Operations Officer, Capital Bank Group, commented: “This achievement marks a significant milestone in our digital transformation journey and positions us as a leading player in the banking industry. We have seamlessly transitioned the National Bank of Iraq to a cutting-edge core banking system which will not only enhance operational efficiency but also support providing our customers with a superior digital banking experience. Our continued partnership with Temenos has not only provided us with an advanced technological platform but has also facilitated a culture of flexibility and adaptability, enabling us to execute our ambitious growth plans.” Lee Allcorn, Managing Director, Middle East & Africa, Temenos, said: “Congratulations to National Bank of Iraq and the Capital Bank team on this successful implementation that gives NBI business agility and the same modern technology platform and ability to deploy fast with pre-configured banking capabilities as the rest of the group. With Temenos, Capital Bank Group is future-ready, and we are proud to support them as they continue to innovate and leverage our platform to grow sustainably and enhance the banking experience for customers.”](https://fintech.global/wp-content/uploads/2024/04/rupixen-Q59HmzK38eQ-unsplash-2-218x150.jpg "Flutterwave teams up with Acquired.com to streamline outward remittances in EU and UK")
