Summary: Cy4Data Labs, a California-based data protection startup, has raised million in its first Series A funding round, led by Pelion Venture Partners. The company offers a solution that protects data across multiple environments while keeping it encrypted, thereby improving security, compliance, and operational efficiency. These funds will be used to enhance its sales and marketing efforts, targeting Fortune 100 organizations already using its technology.
Affected: Cy4Data Labs, Fortune 100 Organizations
Keypoints :
- Cy4Data Labs developed a solution that protects data across on-premises, cloud, and SaaS environments while keeping it always encrypted.
- The technology secures both structured and unstructured data at rest, in transit, and during processing.
- The funding round aims to support the startup’s expansion in sales and marketing to reach a broader market.
Source: https://www.securityweek.com/cy4data-labs-raises-10-million-to-secure-data-in-use/