Seclore a data security startup raises $27 million in Series-C funding

Seclore

Start-up for data security Seclore has received $27 million in Series C funding, according to the company. Origami Capital Partners of Chicago and Oquirrh Ventures of Salt Lake City lead the financing. The latest round of funding takes the total amount raised to $46 million. The funds will be utilised to help the company expand internationally.

Start-up for data security Seclore has received $27 million in Series C funding, according to the company. Origami Capital Partners of Chicago and Oquirrh Ventures of Salt Lake City lead the financing.

The latest round of funding takes the total amount raised to $46 million. The funds will be utilised to help the company expand internationally.

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 continuously changing workplace environment increases the risk of data breaches, prompting many businesses to follow the trend of hiring data security firms.

Seclore has built a dominant position in the data-centric security field, with customers including American Express, Applied Materials, ADM, Saudi Telecom, and the ICICI group.

The firm’s methodologies allow businesses to combine best-of-breed data-centric security solutions with current enterprise systems to address the inherent constraints of different 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.