Greylock, Sequioa and Salesforce Invest In Skyhigh Networks

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Greylock, Sequioa and Salesforce Invest In Skyhigh Networks

Venture capital firms Greylock Partners and Sequoia Capital, together with salesforce.com, inc. (NYSE:CRM), have invested in Skyhigh Networks, a startup that develops security software for cloud computing, according to a statement released Monday.

According to Skyhigh Networks, it has received an additional $40 million funding from the investors. The startup has now received a total $66.5 million in funds after its latest Series C round of funding. Skyhigh Networks plans to use the money to boost its current offerings, hire additional employees and develop new products.

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According to Skyhigh Networks CEO Rajiv Gupta, his firm is “capitalizing on its first-mover advantage and extending its market share and mind share in an explosive market that it helped define,” which attracted investments from Greylock Partners and Sequoia Capital.

Why salesforce.com invested in Skyhigh Networks

He added that salesforce.com, inc. (NYSE:CRM) also provided funding because Skyhigh Networks thought and market leadership as well as its proven track record in enabling the secure adoption of cloud services are a perfect fit with the cloud computing pioneer. Gupta also emphasized that salesforce.com invests in category-creating