Data protection platform Sotero has scored a $5m funding round, which was led by Gutbrain Ventures.
Additional support came from Boston Seed Capital and PBJ Capital.
Alongside the close of the round, Sotero has released what it claims to be the first data protection platform offering field-level encryption for data in use, data at rest and data in motion, across on-premise and cloud data stores.
The company’s data encryption model enables an enterprise to unlock the full value of its data.
Sotero CEO Purandar Das said, “I have seen firsthand why engineering teams at SaaS providers and data platforms not only avoid addressing this major gap in data protection–encrypting data in use–but think it is practically impossible. Until now, there simply wasn’t a scalable, comprehensive way to protect data in use across complex data environments.”
The Sotero Universal Data Protection Platform aims to solve the issue of protecting data in use via encryption, enabling safe operational databases, cloud data access, data analysis and data sharing.
Das said “We set out to develop Sotero as an ‘always on’ platform delivering comprehensive and practical data protection as a service. Our goal was to close the data-in-use gap in data protection, a gap that limits what companies can do with their data while making it hard for SaaS companies and others to rapidly grow their customer base.
“By simply and efficiently securing data in use, Sotero frees up data engineering, science and application teams to focus on what they do best—innovate and collaborate with customers, embrace the cloud, and create new revenue streams.”
Copyright © 2020 FinTech Global
Copyright © 2018 RegTech Analyst
