Very Good Security (VGS) has bagged $35m in its Series B which was led by Goldman Sachs Merchant Banking Division.
Existing investors of VGS including Andreessen Horowitz and Vertex Ventures US also contributed to the series investment.
Capital from the round will be put to supporting the rapid growth of the company.
VGS is a SaaS-based platform for data security, compliance and privacy. It serves as a custodian for sensitive data, such as payments, PII, access credentials, and health records, so companies do not need to store sensitive information on their own systems.
The technology handles the secure exchange of data with any approved endpoint to help clients use their data easily but without security worries.
Goldman Sachs’ Merchant Banking Division managing director David Campbell said, “Data compromise is one of the largest cyber-security and reputation risks businesses face today,”
“Securing data is traditionally complex and expensive. VGS’ unique solution redefines the challenge by removing the sensitive data from systems making them easier to build, secure and manage, reducing both time and cost of securing data.”
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