Cloud Data Encryption Solutions Provider Vaultive Raises $10 Million
Vaultive, a provider of cloud data encryption solutions that enable organizations to leverage the economy and efficiency of cloud computing while maintaining the data security, control and compliance advantages of on-premise computing, today announced that the company has completed a $10-million funding round led by .406 Ventures, New Science Ventures and Harmony Partners. The company is currently in beta for its first product, Vaultive for Hosted Exchange, a patent-pending enterprise-class encryption solution designed to meet the specific business challenges and technological requirements of Hosted Exchange users.
Vaultive was founded in 2009 by Ben Matzkel and Maayan Tal. Initially funded by security industry luminaries, including brothers Elad and Amit Yoran, the company has been focused on research and development efforts to build an enterprise-class, seamless and flexible solution for cloud data protection…