[Funding alert] Seclore raises $27 mn in series C funding

Milpitas-based Seclore, a data-centric security platform provider has raised $27 million in its Series C funding round from Oquirrh Ventures and Origami Capital.

The Startup plans to use the funds to expand its workforce globally as well as its customer base in North America.

With this funding, the company has raised $46 million in funding so far.

Founded in 2008 by Vishal Gupta, Seclore provides an open, automated, browser-based, data-centric security platform for enterprises.

It allows organizations to use solutions to find, classify, protect and track enterprise data within and outside the organization’s boundaries.

“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”, said, Vishal Gupta, CEO of Seclore.

“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 added.

More than 2000 companies and government organizations in 29 countries use Sechlor to achieve their data security, governance and compliance objectives, some of which including American Express, Applied Materials, ADM, Saudi Telecom, and ICICI group.

“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. 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”, said, Dhiraj Gupta, Principal, VenturEast.

“As we look to the future of global cybersecurity, our investment thesis supports the rapidly unfolding data-centric security sector. 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”, said, Ron Heinz, Founder and Managing Partner at Oquirrh Ventures.

About Seclore

As an early and on-going innovator in Rights Management technology, Seclore has now expanded the solution suite with an open, agile Data-Centric Security Platform. The Platform enables organizations to unify best-of-breed Data-Centric Security Solutions with existing Enterprise systems to address the inherent limitations in various data protection point solutions.

The cohesive Data-Centric Security framework also automates the protection of documents as they are discovered, classified, downloaded and shared, ensuring the sensitive information is consistently protected without impacting collaboration workflow.

With over 2 million users across 420 companies in 22 countries, Seclore is helping organizations achieve their data security, governance, and compliance objectives.