ShardSecure, a NYC-based data protection company, secured a seed funding round of undisclosed amount.
The round was led by SineWave Ventures, with participation from Tom Noonan, 500 Startups, CTM Insights, and The Fund. In conjunction with the funding, Noonan has also joined the company’s Advisory Board while Pat Muoio, General Partner at SineWave Ventures and former Chief of the National Security Agency’s Trusted Systems Research Group, will join ShardSecure’s Board of Directors as a Board Observer.
The funds will be used to ramp up product development for Microshard data protection technology and to establish initial sales and marketing efforts.
Led by CEO & Co-Founder Bob Lam, ShardSecure provides patent-pending Microshard technology which breaks sensitive data into tiny fragments that are distributed across multiple clouds and poisoned with false shards, making it nearly impossible for hackers to reassemble. By reducing sensitivity of data, the system helps customers in regulated industries lower compliance costs and complexity, enabling even the most security-conscious to accelerate cloud adoption.
The company is currently working with select early adopter “design partners” including Fortune 500 organizations in healthcare and financial services. The product will become generally available in the first half of 2020.