Calamu, a Clinton, NJ-based provides of virtual data harbors as a method for storing data, raised $16.5M in Series A funding.
The round was led by Insight Partners, with participation from Dell Technologies Capital.
The company intends to use the funds to to accelerate team expansion and further evolve the product platform.
Led by CEO Paul Lewis, Calamu leverages self-healing technology to automatically mitigate the impact of a ransomware attack or data breach, whether data is stored in the cloud or on-premises. The platform enables businesses to maintain complete ownership of their data, preventing unauthorized access and simplifying regulatory requirements around data privacy and protection.
At its core, the patented technology works by encrypting and fragmenting data at the source – whether it’s cloud applications or local file systems – and then scattering individually re-encrypted fragments across geographically dispersed storage locations such as Amazon AWS, Microsoft Azure, and Google Cloud. The redundant virtual storage environment is known as a data harbor, which eliminates commonly exploited attack vectors because a complete data object doesn’t exist in any one place or provider. If a cyber breach is successful, Calamu automatically absorbs the incident and self-heals the environment – eliminating operational downtime and maintaining continuity of business operations.
FinSMEs
10/02/2022