Thursday, February 18, 2016

Vera Secures $17 Million for its File Protection System

Vera, a start-up based in Palo Alto, California secured $17 million in Series B funding for its "zero-touch, zero-friction data protection and encryption solution that secures and tracks any digital information across all users, devices, applications, and platforms in real-time."

Vera offers a storage agnostic security solution whereby security policies remain with files anywhere they’re stored.  Vera has partnered with Dropbox, Okta, and Centrify, and announced strategic integrations with Box, VMware, and Microsoft. The system uses AES 256 encryption at the data level.  Policies can be changed at any time. The company said it has added more than a quarter million users at Fortune 500 companies since its public launch in April 2015.

The funding was led by Sutter Hill Ventures, with participation from existing investors Battery Ventures, Clear Venture Partners, and Amplify Partners. As part of the financing, Stefan Dyckerhoff, Managing Director at Sutter Hill Ventures will join the Vera board of directors. To date, Vera has raised over $31M in total funding.

“We’re entering the next major epoch of cybersecurity, and we’ve seen customers, partners, and forward-thinking investors clearly recognize that fact," said Ajay Arora, CEO and Co-founder of Vera.

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