Bearer Closes $8M Seed Funding Round

bearer

Bearer, a San Francisco, CA-based data security software company, closed a second tranche of seed funding, bringing the total financing raised to date to $8m.

Alven led the $4m second tranche round with participation from Kima Ventures, Partech and Point Nine.

The company intends to use the funds to accelerate growth, expand operations and its business reach.

Led by CEO Guillaume Montard, Bearer is a SaaS data security software company that focuses on a solution for developers to automatically detect sensitive data flow and data security risks while coding. Its policy engine proactively monitors data security policies before releasing code and its remediation workflow prioritizes the critical issues – including business logic flaws – for resolution between security and engineering teams.

Bearer pinpoints data security technical and business logic flaws in code before it’s too late and costly to correct. It then provides actionable context and ownership information to fix issues quickly – in minutes.

The solution is used in markets where privacy protection and data security are business-critical, including eCommerce, financial services, and healthcare.

FinSMEs

26/10/2022