US-based ShardSecure, a cloud data security software company, announced that it has closed an oversubscribed pre-Series A funding round of US$ 2.5M on 12 July 2021.
Investors: The funding round was led by EPIC Ventures, with significant participation from existing investors Industrifonden and cybersecurity luminary Tom Noonan. The company’s valuation has doubled since it closed an initial seed round one year ago.
About ShardSecure
Founded in 2019 by Bob Lam, Christer Roslund, Jesper Tohmo and Louis Steinberg, ShardSecure is a data protection company. Its Microshard technology offers protection for storing and sharing sensitive data in the cloud. ShardSecure provides a key additional security layer in the age of cloud, breaking down and distributing data to render it meaningless to cybercriminals.
ShardSecure aims to disrupt the data privacy and security market with Microshard™, the only solution capable of breaking data into single-digit bytes and distributing it across cloud locations without sacrificing performance. ShardSecure works with some of the most successful companies in healthcare, financial services and technology. It provides ultimate data privacy and compliance while making data migration to the cloud more secure and faster than ever. ShardSecure’s product offering is now available on AWS Marketplace as well.
What the CEO has to say: “We are pleased to announce this latest funding round led by EPIC Ventures. EPIC has a strong track record of identifying technology that provides cutting edge solutions to pressing problems in a range of verticals. Over the past year, the rising adoption of ShardSecure’s Microshard technology has proven enterprise customers are hungry for a new approach to providing true defence in depth for data at rest, and we are thrilled to be partnering with EPIC, Industrifonden and Tom Noonan to further revolutionize the data security landscape.” — ShardSecure CEO and Co-founder, Bob Lam.
What the investors have to say: “EPIC invests in companies with a competitive advantage based in technology, and that have a team of strong founders with the industry expertise and vision to deliver on that innovative edge. ShardSecure’s Microshard technology provides a disruptive and critical new element to the modern data security implementation. We look forward to working with the ShardSecure team to drive positive change in the data security space and to make it safer and easier than ever to embrace the public cloud.” — Nick Efstratis, EPIC Co-founder and Managing Partner.
For more extensive analysis and Market Intelligence reports feel free to approach us or visit our website: Venture Capital Market Intelligence Reports | VCBay.
We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. Please let us know
-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!
Next Article
