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bitglassBitglass, a developer of data protection tools, said on Tuesday it has raised $25 million in its second round of funding. New investors, including an unspecified “large global bank” and SingTel Innov8, joined previous backers New Enterprise Associates (NEA) and Norwest in the round. Scott Sandell, general partner and head of NEA’s technology investing practice, will join the company’s board of directors. The company, which now has raised $35 million since its inception, said it will use the latest funds to expand sales, marketing and technology development activities. “The fresh capital will enable us to accelerate innovation and growth,” said CEO Nat Kausik. Bitglass emerged from stealth in January. Read more.

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