Torsion, a data access governance software platform Torsion Information Security has netted £1.1m in a fresh funding round.
The capital injection was co-led by Bayes Entrepreneurship Fund, Juno Capital and The FSE Group. Several individual investors from “prestigious Cambridge angel networks” also committed to the round.
This equity has been earmarked for the roll out of the automated Data Access Governance platform. It will also help expand the business development, customer success, engineering, marketing and financial operations.
Torsion automatically monitors who has data access to what, why and when, as well as inappropriate access. It is designed to prevent potential breaches.
Its platform aims to curb the rising threats that come from companies sharing more and more data through platforms such as SharePoint, Teams and Office 365.
The technology is built on business-focused intelligent automation to remove the need for manual oversight.
Torsion founder and CEO Peter Bradley said, “We’re very excited to announce this new funding as we embark on a significant new stage of our growth plans. To receive backing from such reputable and experienced investors is a huge testament to our vision, technology and team.
“We strongly believe our automated business-centric approach to controlling data access and sharing is the only way that enterprises can truly control access to their data. With this funding, we are truly solving the ‘who has access to what’ problem, on a global scale.”
Earlier in the month, fellow data protection startup Bunkyr closed its pre-seed funding round on $1m to support the development of its products. The company offers easy to integrate APIs that help consumers protect their cryptocurrency wallets.
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