Very Good Security, a San Francisco, CA-based standard for data security, compliance and custodianship company, raised $60m in Series C funding.
The round was led by Vertex Ventures US with participation from existing investors, including Andreessen Horowitz (a16z) and Goldman Sachs Growth (GS Growth).
The company intends to use the funds to accelerate growth of operations and its business reach.
Founded in 2016 and led by Mahmoud Abdelkader, CEO, Very Good Security is a data security company whose platform allows businesses to use sensitive data without the cost or liability of securing the data themselves. VGS provides specialized infrastructure to act as a custodian for sensitive data, improving security while also accelerating business growth. the company is headquartered in San Francisco, California.
The system now processes billions of records of sensitive data, and its data under management has grown more than 10x year-on-year. Companies ranging from the Fortune 100 to innovators like Brex, Deserve, DoNotPay, Fast, and Mercury leverage VGS’ platform to build features instead of compliance overhead.