PerspecSys Inc., a provider of cloud data protection solutions for the enterprise, announced it has raised $12 million in funding co-led by new investors Paladin Capital Group and Ascent Venture Partners, and joined by return backer Intel Capital and other existing institutional investors. The new round of financing, combined with Series A funding, brings the total investment in PerspecSys to over $20 million.
With offices in the U.S., U.K. and Canada, PerspecSys aims to remove what it says are primary barriers to cloud adoption at the enterprise level – security and control. The PerspecSys Cloud Data Protection Gateway supports multiple popular cloud applications and the company is expanding its client list which, according to PerspecSys, now includes three of the world’s largest financial institutions and one of its biggest multinational conglomerates.
By leveraging industry-validated, well-vetted encryption and tokenization techniques, PerspecSys secures sensitive data while keeping it in customers’ control and enabling full cloud-application functionality and performance.
“The marketplace is shifting. Enterprises are learning that you cannot secure your data unless you fully control your data – and PerspecSys is the only company helping them solve that problem with a mature solution,” said Philip Elliot, of Paladin Capital Group, who has joined the PerspecSys board of directors, in a statement released by the company at the time of the funding announcement.
PerspecSys says it plans to use the new investment to support global sales and marketing expansion and technology innovation for customers across banking, insurance, government/public sector, healthcare, and manufacturing markets.
For more information, visit www.perspecsys.com.