Seclore, the data-centric security platform provider, has raised $27 million in a Series C funding round which was led by Oquirrh Ventures and Origami Capital.
VenturEast backed the company at seed and Series A rounds and has completely exited the stake with 17.5 times return on its seed round.
With the utilization of the fresh funding capital the company is planning to utilize the funding in the following ways:
The funding round brings the total valuation of the company to $46 million.
With the help of big government and defense agencies and more than 500 global enterprises, such as American Express, Applied Materials, ADM, Saudi Telecom, and ICICI Group as its customers, Seclore has built a leadership position in the data-centric security space.
Seclore is headquartered in Milpitas, California, and was founded in 2005. Seclore facilitates open, automated, browser-based, data-centric security platforms for enterprises. The company permits the organizations to utilize best-of-breed solutions to discover, classify, protect, and track enterprise data, both within and outside the organization’s boundaries.
Over 2,000 companies and government organizations in 29 countries use the platform, Seclore to achieve their data security, governance, and compliance objectives.
Vishal Gupta, CEO of Seclore, said, “Seclore’s data-centric approach is geared toward relieving enterprises from protecting infrastructure to protecting what really matters—the data. This investment fuels our ability to protect the modern workplace and ensures enterprises have a trusted partner for data security, governance, and compliance.”
"Confidential data is everywhere. Data is in transit with third parties, public clouds, and personal devices. Enterprises cannot afford to ‘chase’ this data through its lifecycle," he further added.
Dhiraj Gupta, Principal, VenturEast said, "Seclore has grown to become a pioneer in innovating data-centric security solutions for enterprises. We are proud to have been part of the company’s exciting journey—right from being its very first seed investor a decade ago, and then through multiple subsequent rounds of funding."