Trubates CEO launches latest startup: Bitglass

Venture capitalists invested more money in startups last quarter than at any time since the Great Recession began. And judging by the volume of funding news that’s been hitting my inbox, the pace has only picked up.

On Wednesday, for instance, a mobile security company called Bitglass is coming out of stealth mode with $10 million from Norwest Venture Partners and NEA.  CEO Nat Kausik is a former computer science professor at Carnegie Mellon, Stanford and the University of Illinois at Urbana-Champaign who later spent eight years as a principal scientist at HP before launching a slew of startups (most recently, Trubates). Bitglass is “my fifth, but who’s counting,” he quips.

Another of those startups, FineGround, was bought by Cisco, and it was there that Kausik met Anurag Kahol. Kahol subsequently jumped to Juniper Networks, where he ran an engineering team building security products. “He noticed that these incumbents are still building boxes and selling them into companies, but all the users are on mobile devices,” Kausik said. “You can’t put more boxes and software inside companies when the data’s already left the building.”

Kahol started pitching him on the idea of delivering that data securely over the cloud, no matter what hardware or software the end user employed. “I was pretty skeptical,” Kausik admitted. “But the more we talked about it, the more interesting it became.” Kahol, who’s now CTO at Bitglass, must be a persuasive guy.

 

 

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