ShardSecure, a New York-based inventor of Microshard™ technology that mitigates data security and privacy risks in the cloud, closed an oversubscribed $11 million Series A.

The round was led by Grotech Ventures, with significant participation from Gula Tech Adventures and KPMG LLP, as well as existing investors Tom Noonan, EPIC Ventures, and Industrifonde

The Series A funding will be used to further grow ShardSecure’s cloud data security platform — including continued product development and third-party product integrations — and expand its sales and marketing operations in North America and Europe. 

Company name:  ShardSecure, Inc

Raised: $11.0M

Round: Series A

Funding Month: May 2022

Lead Investors: Grotech Ventures

Additional Investors: Gula Tech Adventures and KPMG LLP, Tom Noonan, EPIC Ventures, and Industrifonden.

Company Website: https://shardsecure.com/

Software Category: Data Security Platform 

About the Company: ShardSecure is changing the nature of data security. They believe that all organizations can easily and securely enjoy the benefits of cloud adoption without surrendering control of their data. Inventors of the patent-pending Microshard technology, ShardSecure cloud-enables sensitive data by desensitizing it in multi-cloud and hybrid-cloud environments.    

Source: https://shardsecure.com/news/series-a-funding