Whiteout Networks GmbH, a Munich, Germany-based email encryption technology specialist, raised its seed funding of undisclosed amount.
Backers include new investors High-Tech-Gründerfonds (HTGF) and Bayernkapital.
The company intends to use the funds for product development and market entry.
Founded in 2013 by Oliver Gajek, CEO, Whiteout Networks develops applications and cloud services for encrypted email communication. Its product is based on OpenPGP and ensures a full encryption of important messages. Encryption takes place on the end user device and the email service provider does not have access to the message contents.
The Whiteout Networks client is implemented as a browser application and will be available (in the first quarter of 2014) on desktops, tablets, and smartphones.
FinSMEs
23/01/2014