On March 31, 2022, Antimatter – Sanfrancisco-based company announced that it has raised a US $12 million Series A round led by NEA, with General Catalyst and UNION Labs also participating. This round included the creators of Snowflake, Okta, Dropbox, VMware, Segment, and Databricks.
What the founder has to say:
Andrew Krioukov (CEO):
“We discovered we had a breakthrough and could develop a new solution that is a very distinct cloud deployment architecture that delivers strong guarantees to purchasers and then allows SaaS companies to speed up their sales and offer cryptographic proof.
This allows SaaS vendors to demonstrate that their customer data is secure — secure to a higher standard than anyone has ever really aimed for before because the app could be malicious, the employees could be harmful, and all of these things could go wrong — and the customer data would still be provably secure.”
What the investors have to say:
NEA venture partner Greg Papadopoulos:
“Antimatter’s crypto technology and years of academic R&D represent a huge step forward for highly usable — yet provably correct — secure computing and data privacy.”
“We’re thrilled to be working with Andrew and his team as they help businesses secure client computers and data.”
About Antimatter:
The security standards on SaaS firms are continually increasing as SaaS becomes the standard for most commercial applications. When users require their data to be sandboxed or kept in a specific geographic zone, the workload for development and security teams grows exponentially. Antimatter, which is emerging from stealth today and releasing its service into private beta, provides a unique approach to these issues.
It gives SaaS organizations the cryptographic infrastructure they need to prove that a service meets their residency, governance, and tenancy criteria by encrypting data in transit, rest, and execution using secure enclaves.
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
