ChipherStash, a Sydney, Australia-based cybersecurity company focused on data encryption, raised $3M in Seed-2 funding.
The round was led by Skip Capital with participation from SixThirty Ventures.
The company intends to use the funds to continue to expand its digital defense offerings against increasingly complex tactics employed by cybercriminals, and provide protection against data breaches, identity theft, and other digital threats.
Led by Founder and CEO Dan Draper, CipherStash is a cybersecurity company which specializes in searchable data encryption technologies, specifically encryption-in-use, for security and governance.
Its products use advanced queryable encryption technology that keeps data encrypted-in-use, rather than just at-rest. This ensures that access controls are always applied and guarantees that every data access is logged. CipherStash shows users the who, what, where, and when of how sensitive data is accessed – even when it leaves core systems. CipherStash works in their existing databases, data lakes, and data warehouses via a drop-in driver replacement. An SDK is also available to support more sophisticated use cases.
FinSMEs
19/10/2023