Cy4Data Labs, a San Jose, Ca-based data protection company, raised $10M in funding.
The round was led by Pelion Venture Partners.
The company intends to use the funds to accelerate its growth in sales and marketing.
Led by CEO Lance Smith, Cy4Data Labs is a cybersecurity company leveraging a new model of data protection making encryption persistent, portable, and practical across all environments. By enabling encrypted data to be used without decryption, it ensures that sensitive information is never exposed, even during active processing. Its new key management system and real-time threat detection capabilities offer protection against both external attacks and insider threats, without compromising accessibility or performance.
