Today we announced the completion of our seed round of financing, raising a total of $3 million from Valley Capital Partners. With three encryption-related patents secured from the United States Patent and Trademark Office, we will using this new capital to further develop our encryption platform-as-a-service for developers and enterprises.
Driven by data breaches and hefty fines imposed through the European Union’s Global Data Protection Regulation (GDPR) and the California Consumer Protection Act (CCPA), the conversation around data privacy has intensified, creating global demand for more transparency and accountability.
The challenge: to keep personal data private and defend against theft, fraud and abuse, it must be encrypted when it’s shared and stored. But many organizations do not “turn on” encryption because of the friction and complexity it causes, rendering the data unsearchable, unsharable — and ultimately unusable.
Read more on this announcement on Business Wire.
More announcement coverage:
TechCrunch: Battlefield vets StrongSalt (formerly OverNest) announces $3M seed round
Finance Magnates: Blockchain Data Privacy Startup StrongSalt Secures $3 Million
Silicon Angle: Cloud-based encryption startup StrongSalt raises $3M
Coindesk: Data Privacy Startup StrongSalt Raises $3 Million for Encrypted API Service
Finsmes: StrongSalt Raises $3M in Seed Funding
Cointelegraph: StrongSalt Raises $3M in Seed Round to Develop Encryption Platform-as-a-Service
Investing.com: StrongSalt Raises $3M in Seed Round to Develop Encryption Platform-as-a-Service
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