Data security start-up Seclore has announced that they have secured $27 million in Series C funding. The round was led by Chicago-based Origami Capital Partners and Salt Lake City-based Oquirrh Ventures.
The latest funding round brings the total raised to $46 million to date. The investment would be used to accelerate the company’s growth globally.
Ron Heinz, Founder and Managing Partner, Oquirrh Ventures, said, “As we look to the future of global cybersecurity, our investment thesis supports the rapidly unfolding data-centric- security sector. We looked at the team, technology stack, and total addressable market and recognized very quickly that Seclore is positioned to be the global market leader in data-centric security.”
Julie Klaff, Origami Partner, added, “We are very pleased to be working with Seclore CEO Vishal Gupta and the talented team he has assembled. It is an exciting time to be supporting Seclore’s expansion as they emerge as the world’s thought leader in an increasingly important role of protecting enterprise sensitive information.”
The rapidly shifting workplace environment puts data at increasing risk of breaches, enticing many organisations to keep up with the trend of hiring data security companies.
With big government and defence agencies and more than 500 global enterprises, including American Express, Applied Materials, ADM, Saudi Telecom, and ICICI group as its customers, Seclore has established a leadership position in the data-centric security space.
The firm’s processes enable organisations to unify best-of-breed data-centric security solutions with existing enterprise systems to address the inherent limitations in various data protection point solutions.
Vishal Gupta, CEO of Seclore, said that confidential data is everywhere and in transit ,hence enterprises cannot afford to ‘chase’ this data through its lifecycle.
“Seclore’s data-centric approach is geared toward relieving enterprises from protecting infrastructure to protecting what really matters — the data. This investment fuels our ability to protect the modern workplace and ensures enterprises have a trusted partner for data security, governance, and compliance,” he added.