Cosmian, a company that specialises in encryption, has scored $4.4m from a funding round led by La Banque Postale.
The round also saw participation from previous investor Elaia Partners. Following this round, Cosmian has raised a total of $5.9m since inception.
According to Security Week, Cosmian provides privacy-by-default solutions that are easy to deploy and can protect data, algorithms and applications in the cloud. The company’s platform keeps data encrypted even when in use to ensure continuous protection.
Cosmian – which currently has 20 employees – plans to use the newly raised capital to expand its team.
Cosmian CEO and co-founder Sandrine Murcia said, “Our offering is unique: we provide state-of-the-art advanced cryptography in the form of easy-to-use, decentralized developer tools. This new round of funding aims to increase our development capacity and to increase our traction in the market, with critical applications that are mostly deployed by unicorns.”
Bunkyr, a zero-knowledge security API developer, recently collected $1m in pre-seed funding to support the development and delivery of its products.
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