Data-centric security startup Seclore Technology Pvt. Ltd. has raised $27 million in new funding to empower its journey to become the platform of choice for enterprise data protection initiatives. Origami Capital Partners and Oquirrh Ventures led the Series C round.
Founded in 2003, Secloe offers an open, automated data-centric security platform for enterprise users. The platform is designed to allow organizations to utilize solutions that discover, classify, protect and track enterprise data, both within and outside the organization’s boundaries.
Seclore argues that cyberinfrastructure, such as devices, networks and applications, has seen significant security investments over the last decade. True data-centric security has just crossed the chasm – with Seclore claiming that they are at the forefront of this rapidly emerging space.
The company’s platform enables organizations to unify data-centric security solutions with existing enterprise systems to address limitations in various data protection point solutions. Seclore’s framework automates the protection of documents as they are discovered, classified, downloaded and shared, ensuring the sensitive information is consistently protected without impacting collaboration workflow.
Benefits of the platform include removing limitations of point solutions such as data loss protection, cloud access security broker, data classification and rights management to ensure complete protection, tracking and revocation of access to sensitive data. The platform simplifies operations by leveraging enterprise content management, file shares, email, enterprise file synchronization and sharing, and enterprise resource planning to protect documents automatically.
Seclore has over 500 global enterprise customers, including American Express Co., Applied Materials Inc., Archer-Daniels-Midland Co., Saudi Telecommunication Co. and ICICI Bank Ltd.
“Confidential data is everywhere,” Vishal Gupta, chief executive officer of Seclore, said in a statement. “Data is in transit with third parties, public clouds, and personal devices.”
Gupta claimed that enterprises could not afford to “chase” this data through its lifecycle. “Seclore’s data-centric approach is geared toward relieving enterprises from protecting infrastructure to protecting what really matters — the data,” Gupta added.
Including the new funding, Seclore has raised $46 million to date. Previous investors include Helion Venture Partners, India Alternatives Private Equity Fund, VenturEast and Sistema Asia Capital.