ShardSecure™ Announces Seed Funding from SineWave Ventures, Tom Noonan, and other investors to Further Cloud Data Protection; Noonan joins Advisory Board
Summary
NEW YORK, Dec. 12, 2019 /PRNewswire/ -- ShardSecure™, the data protection company whose Microshard™ technology helps organizations accelerate cloud adoption by mitigating cloud misconfiguration and data security risks, announced today that it has secured seed funding in a round led by SineWave Ventures, with participation from cybersecurity industry luminary Tom Noonan, 500 Startups, CTM Insights, and The Fund. ShardSecures patent-pending Microshard technology breaks sensitive data into tiny fragments that are distributed across multiple clouds and poisoned with false shards, making it nearly impossible for hackers to reassemble. By drastically reducing sensitivity of data, ShardSecure helps customers in regulated industries lower compliance costs and complexity, enabling even the most security-conscious to accelerate cloud adoption. " "I am proud to have the backing of renowned senior business and technology leaders like Tom, Lou and Pat, as we bring ShardSecures data protection vision to market and help enterprise and government customers securely embrace the cloud," added Lam. The funds raised in this round will be used to ramp up product development for Microshard data protection technology and to establish initial sales and marketing efforts.