Seclore to invest $27 M to hire more, add new customers

Seclore to invest $27 M to hire more, add new customers

Oquirrh Ventures and Origami Capital led a $27 million Series C fundraising round for Seclore, a data-centric security platform provider. This new capital is aimed to consolidate Seclore strength as,the platform of choice, for enterprise data protection projects with the new funding.

The fresh round of fund will be invested 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.

According to the statement, 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 has attained a leadership position in the data-centric security space. Its customer portfolio encompass big government and defense agencies and more than 500 global enterprises, including American Express, Applied Materials, ADM, Saudi Telecom, and ICICI Group as its customers.

Vishal Gupta, CEO of Seclore, during the announcement, “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.”

Seclore Expands Globally to Protect the World’s Enterprise Data

“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.

Headquartered in Milpitas, California, 2005-founded Seclore offers open, automated, browser-based, data-centric security platform for enterprises. It allows organisations to utilise best-of-breed solutions to discover, classify, protect, and track enterprise data, both within and outside the organisation’s boundaries.

Over 2,000 companies and government organisations in 29 countries use Seclore to achieve their data security, governance, and compliance objectives.

Commenting on this development, 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.”

Dhiraj went on to say, “We have seen Vishal, Abhijit and team building the business brick by brick. As they enter a new growth phase with us handing the baton to our co-investor friends, we will continue to their progress.”

“As we look to the future of global cybersecurity, our investment thesis supports the rapidly unfolding data-centric security sector,” said Ron Heinz, Founder and Managing Partner at Oquirrh Ventures, adding, “We looked at the team, technology stack, and total addressable market and recognized very quickly that Seclore is positioned to be the global market leader in data-centric security.”