PerspecSys Inc., a Greater Toronto, Canada-based maker of a cloud data privacy, residency and security platform that enables the enterprise to secure sensitive data used in public cloud applications, closed an $8M Series A financing.
The round was led by Intel Capital, with participation from existing investors Growthworks and MaRS Investment Accelerator Fund.
The company intends to use the funds to expand the business and advance its technology.
Founded by CTO Terry Woloszyn, PerspecSys provides Data Privacy, Residency and Security solutions that are designed to enable cloud adoption by the enterprise while controlling and protecting sensitive data.
Customers include financial services firms, banks, management consulting firms and public sector services.