Profian Raised $5M in Seed Funding

Profian

Profian, a Raleigh, NC-based security company providing a Confidential Computing platform, raised $5M in Seed funding.

The round was led by Project A Ventures and Illuminate Financial with participation from Olivier Pomel, Chief Executive Officer of Datadog; Tyler McMullen, Chief Technology Officer of Fastly; Till Schneidereit, Chairman of Bytecode Alliance; and Sarah Novotny, Board Member of the Linux Foundation.

The company intends to use the funds to develop a suite of open source products and services around Confidential Computing, a set of hardware and software technologies improving application security.

Co-founded by Mike Bursell, former Chief Security Architect at Red Hat, and Nathaniel McCallum, former Virtualization Security Architect at Red Hat, Profian is a security company providing products and services in the Confidential Computing space. The company is committed to open source software founding its products on the open source software project Enarx, which uses WebAssembly, a portable run-time binary format supported on all the major hardware platforms, and which is being standardized by the W3C. Profian allows companies to deploy existing cloud-native applications, without redesign or recompilation, across existing platforms like Intel SGX and AMD SEV, and new platforms as they are rolled out, such as AMD SEV, and new platforms as they are rolled out, such as the Arm Confidential Compute Architecture (Arm CCA) and IBM Power Series PEF.

The platform will be applicable across industries, but will initially focus on the financial services sector, where there is a well-defined set of use cases and an appetite for solutions that meet confidentiality and integrity requirements.

Profian is a member of the Confidential Computing Consortium, a Linux Foundation project, which unites hardware vendors, cloud providers, and software developers to accelerate the adoption of Trusted Execution Environment technologies and standards. More than 30 industry innovators including Accenture, Arm, Cisco, Facebook, Google, Intel, Microsoft, Red Hat and VMware are members. The company is also a member of the Bytecode Alliance, an industry alliance around WebAssembly and related technologies.

FinSMEs

01/10/2021