ShardSecure Raises $11M in Series A Funding
- ShardSecure, a NYC-based cloud cybersecurity company, raised USD11m in Series A funding
- The round was led by Grotech Ventures, with participation from Gula Tech Adventures and KPMG LLP, as well as existing investors Tom Noonan, EPIC Ventures, and Industrifonden
- The company is the inventor of Microshard™ technology that mitigates data security and privacy risks in the cloud
- The Microshard process to shred, mix, and distribute data renders data unintelligible and of no value to attackers, mitigating the risk of data compromise
- Among the primary innovations of Microshard technology is its self-healing data, which reverses unauthorized data deletion and tampering
