What is ShardSecure?
Headquartered in New York City, ShardSecure is at the forefront of data privacy and security, leveraging its proprietary Microshard technology. This unique approach breaks data into single-digit bytes and distributes them across cloud locations without compromising performance. Microsharding offers zero data sensitivity for cloud-stored or on-prem data and can be used independently or in conjunction with encryption for enhanced defense. ShardSecure, led by seasoned cybersecurity entrepreneurs, serves major companies in healthcare, financial services, and technology, facilitating secure and rapid cloud migration while ensuring ultimate data privacy and compliance.
How much funding has ShardSecure raised?
ShardSecure has raised a total of $11.1M across 2 funding rounds:
Debt
$61K
Series A
$11M
Debt (2021): $61K with participation from PPP
Series A (2022): $11M led by Industrifonden, KPMG, Tom Noonan, Gula Tech Adventures, Grotech Ventures, and EPIC Ventures
Key Investors in ShardSecure
Industrifonden
Industrifonden is a Swedish venture capital fund that invests in unique, scalable innovations aimed at improving society through breakthrough technologies and science. The fund focuses on areas such as deep tech, life sciences, and transformative tech, partnering with passionate founders to bring their ideas to life.
Gula Tech Adventures
Gula Tech Adventures is a company focused on investing in cybersecurity and national security, while also supporting education and workforce development since 2017. They have invested over $200 million in various AI, cybersecurity, and national security startups, achieving significant exits and fostering the growth of companies nearing $1 billion in value.
Grotech Ventures
Grotech Ventures is an investment firm focused on partnering with innovative entrepreneurial talent in high potential technology companies outside of Silicon Valley. Their mission is to support young companies that aim to transform markets, create jobs, and foster sustainable growth.
What's next for ShardSecure?
The substantial enterprise-level funding and recent strategic investment signal a pivotal growth phase for ShardSecure. This capital infusion is expected to accelerate the company's product development, expand its market reach, and bolster its sales and marketing efforts. With its innovative Microshard technology addressing critical data security and privacy challenges, ShardSecure is well-positioned to capture a larger share of the burgeoning cybersecurity market. Future strategic partnerships and continued technological advancements will likely be key to its sustained success and market leadership.
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