Vaultree Raises $3.3M for Encryption Resolution

Are Baby Boomers More Vulnerable Online Than Younger Generations? You Might Be Surprised

CORK, Eire, Nov. 2, 2021 /PRNewswire/ — Vaultree, supplier of Encryption-as-a-Service, has raised $3.3M in seed funding for its enhanced information safety resolution, the corporate introduced in the present day. The funding spherical was led by Ten Eleven Ventures. Different traders embody Enterprise Eire, Unpopular Ventures, HBAN and John N. Stewart, former chief safety and belief officer at Cisco.

Vaultree is ushering in a brand new period of knowledge safety with its searchable, scalable, privacy-enhancing expertise and Encryption-as-a-Service options. The corporate’s platform makes use of Enhanced Searchable Symmetric Encryption (ESSE) and Absolutely Homomorphic Encryption (FHE) applied sciences to allow extremely regulated organizations to freely entry and use their information with out having to disclose their encryption keys or information content material to their resolution or cloud supplier. It additionally scales seamlessly to billions of datasets with out compromising efficiency, in contrast to most legacy encryption options.

With this newest funding, Vaultree will proceed creating a market-ready product to supply clients with a totally end-to-end encrypted information safety resolution that’s scalable and straightforward to make use of. Vaultree’s crew will proceed to develop with the hiring of extra engineering, cryptography, gross sales, and buyer dealing with workers.

Sarah Armstrong-Smith, Vaultree advisor and chief safety advisor at Microsoft, mentioned: “Knowledge safety threats proceed to develop on a worldwide scale as our on-line footprint will increase and related gadgets proliferate. To scale back cyberattacks and information breaches requires a totally encrypted and scalable resolution, appropriate for any sized enterprise. Vaultree has developed an modern resolution to assist meet these wants and work towards making a safer digital world by information encryption.”

Timothy Newberry, EIR, Ten Eleven Ventures, mentioned: “As specialists in modern cybersecurity applied sciences, the crew at Ten Eleven instantly realized the huge influence Vaultree’s platform would have on the huge variety of enterprises worldwide that desperately want a quick, scalable, and easy-to-integrate encryption resolution as a part of their information safety technique. This game-changing expertise will assist firms defend their clients and information at an entire new degree. We’re thrilled to work alongside the Vaultree founders on this journey, specializing in the information safety and space for storing on the proper time, with the best crew, and the best expertise.

Ryan Lasmaili, co-founder, Vaultree, mentioned: “We have now achieved a serious patent-pending technological breakthrough, which allows us to distinguish our resolution within the aggressive house with an answer method that lastly frees firms from making trade-offs between safety and efficiency. That is uncommon to seek out within the complicated cybersecurity resolution area, which makes Vaultree attention-grabbing to traders and clients. It is clear that we have created an easy-to-use, scalable resolution for an ever-growing problem.”

About Vaultree
Vaultree’s Encryption-as-a-Service resolution allows companies of all sizes to course of totally end-to-end encrypted information. Straightforward to make use of and combine, Vaultree delivers peak efficiency with out compromising safety, neutralizing the weak spots of conventional encryption. Comply with Vaultree on Twitter @Vaultree or LinkedIn. Go to www.vaultree.com and be part of our waitlist to remain updated on product growth and firm information.

About Ten Eleven Ventures
Ten Eleven Ventures is the unique enterprise capital agency centered solely on investing in digital safety. The agency invests globally and in any respect phases, from seed to progress (the latter by way of its Joint Funding Alliance with KKR). Since its founding in Silicon Valley in 2015, Ten Eleven Ventures has raised almost $US 500 million and invested in 34 main cybersecurity firms together with Darktrace, KnowBe4, Twistlock, Verodin, Cylance, and Ping Id. For extra info, please go to www.1011vc.com or observe us on Twitter @1011vc.



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