Data security firm Seclore bags $27 million in its Series C funding round

• ByStartupStory     |    May 21, 2022

Seclore is a data-centric security startup that has raised $27 million in its Series C funding round led by Oquirrh Ventures and Origami Capital. VenturEast has totally exited its investment as part of this deal. VenturEast invested in the company’s seed and Series A rounds, with the seed round returning 17.5X.

Seclore hopes to accelerate its journey to being the platform of choice for enterprise data protection projects with the new funding. The funds will be used to increase the company’s global staff as well as its customer base in North America. The new funding raises the total amount raised to $46 million. Seclore has built a dominant position in the data-centric security field, with over 500 worldwide organisations as customers, including American Express, Applied Materials, ADM, Saudi Telecom, and ICICI Group.

Seclore, founded in 2005 and situated in Milpitas, California, provides an open, automated, browser-based, data-centric security platform for businesses. It enables businesses to use best-of-breed technologies to identify, classify, safeguard, and track enterprise data both inside and outside their walls. Seclore is used by over 2,000 companies and government organisations in 29 countries to accomplish data security, governance, and compliance goals.

Vishal Gupta, the CEO of Seclore said that Seclore’s data-centric strategy is designed to free businesses from the burden of safeguarding infrastructure and instead focus on protecting what really matters: data. This investment strengthens our capacity to defend the contemporary workplace and provides businesses with reliable data security, governance, and compliance partner.

Dhiraj Gupta, Principal, VenturEast, commented on the development, saying that Seclore has established itself as a leader in developing data-centric security solutions for businesses. And the company is honoured to have been a part of the company’s fascinating history, beginning as its first seed investor a decade ago and continuing through successive rounds of fundraising.

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