Vaultree, a Cork, Ireland-based provider of Data-in-Use Encryption solutions, raised $12.8M in Series A funding.
The round was led by Molten Ventures, and Ten Eleven Ventures, with participation from SentinelOne, Elkstone Partners, CircleRock Capital, and Cyber Club London.
The company intends to use the funds to advance sales, marketing and product development efforts for its data-in-use encryption technology.
Led by CEO Ryan Lasmaili, CTO Jane Cummings and VP of Solutions John Johnson, Vaultree has developed a Data-in-Use Encryption solution that enables enterprises, including those in the financial services and healthcare / pharmaceutical sectors, to mitigate the financial, cyber, legal, reputational, and business risk of a data breach in plain text. With Vaultree, organizations process, search and compute ubiquitous data at scale, without ever having to surrender encryption keys or decrypt server-side. If a leak occurs, its data-in-use encryption persists, rendering the data unusable to bad actors. Integrating Vaultree into existing database technologies requires no technology or platform changes.
FinSMEs
06/12/2022