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Vaultree raises $3.3m for new data security solution

ECSO Members

News from ECSO Member Vaultree on The Irish Times

ECSO Member Vaultree, a newly-founded Cork-based cybersecurity company, has secured $3.3 million (€2.85m) in investment.

The funding round for the encryption-as-a-service provider was led by Ten Eleven Ventures, a Silicon Valley-based VC, led by Alex Doll, who previously co-founded PGP. Other investors include Enterprise Ireland, US VC, Unpopular Ventures, HBAN and John Stewart, a former chief security and trust officer at Cisco.

Vaultree has been co-founded by a number of software engineers who together have developed end-to-end encryption technology that uses enhanced searchable symmetric encryption (ESSE) and fully homomorphic encryption (FHE) to make it possible to work with fully encrypted cloud-based data without the need for organisations to decrypt the information or surrender security keys.

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Source: The Irish Times