Allure Security, a Boston, MA-based provider of data loss detection and response (DDR) platform, closed a $5.3m seed funding round.
The company will use the funds to further innovate its platform and to continue to add key personnel to its new Boston-area headquarters.
The round was led by Boston-based Glasswing Ventures with participation from Greycroft, Zetta Venture Partners, and Portage Partners. In conjunction with the funding, Glasswing Ventures Managing Partner Rick Grinnell, joined Allure Security’s Board of Directors.
Founded in a Columbia University research lab by a team led by Dr. Salvatore Stolfo, a renowned AI and data security scientist, and led by new CEO Mark Jaffe, Allure Security provides Data Loss Detection and Response (DDR) technology that tracks and protects documents – without agents – inside and outside the enterprise walls.
The company was awarded multiple contracts totaling more than $10 million from the Defense Advanced Research Projects Agency (DARPA) and other government agencies to develop innovative technology to address insider threats, nation-state attacks, and widespread data loss. Today, Allure’s team holds more than eight U.S. patents on its beaconing, deception, and behavior analytics technology.