PerspecSys Inc., a Toronto, Canada-based provider of cloud data protection solutions for the enterprise, raised $12m in funding.
The round was co-led by new investors Paladin Capital Group and Ascent Venture Partners, with participation from existing backer Intel Capital and others. In conjunction with the funding, Philip Elliot, Paladin Capital Group, Matt Fates, Ascent Venture Partners, joined PerspecSys’ board of directors.
The company, which had raised its $8m Series A funding in 2011 (read here) intends to use the funds to expand sales and marketing efforts globally and for technology innovation.
Led by David Canellos, CEO, PerspecSys provides heavily regulated customers across banking, insurance, government/public sector, healthcare, and manufacturing markets with cloud data protection solutions that enable them to adopt cloud applications throughout the enterprise by removing the technical, legal and financial risks of placing sensitive company data in the cloud. It supports a variety of well-known cloud applications like Salesforce.com and Oracle CRM On Demand with validated encryption solutions from companies like Voltage Security, McAfee, SafeNet, Symantec, and RSA.
The company has offices in the U.S., U.K. and Canada.