Keyavi Data Raises $13M Series A to Meet Accelerating Cybersecurity Market Demand for Self-Protecting Data Technology
Keyavi Data Corp., a cybersecurity solution provider whose proprietary technologies secure businesses from internal and external data loss and intrusion, today announced that it has raised $13 million in Series A funding.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220803005890/en/
Keyavi Data today announced the close of a $13 million Series A round of funding. The company is redefining data security by upending the industry's notions of what cybersecurity should really be. (Graphic: Business Wire)
As organizations increasingly rely on digital information to run their business, data-centric security is rapidly evolving. Keyavi's patented technology infuses intelligence directly into data-adding layers of policy-based protection that fortify each file. Keyavi protects data throughout its lifecycle: at-rest, in-transport, and when in-use through native applications. This technology enables data owners to share files via any method, with the confidence of knowing underlying protection is embedded, across all file copies, wherever that data travels, in perpetuity.
According to Allied Market Research, the global data security market is expected to hit $54.2 billion by 2027. With overwhelming customer demand for advanced capabilities involving encryption, zero-trust, security and data protection, Keyavi is ideally positioned to capitalize on new opportunities for sustained growth across market sectors. Proceeds will be used to fuel Keyavi's hyper growth, including expansion into new markets and the acquisition of expert-level talent, including engineering to further support customer demand.
"Keyav is leading the way in redefining the cybersecurity landscape, carving the future of self-protecting, intelligent and self-aware data security. Our platform presents a fundamental paradigm shift from conventional data protection technologies that will secure data for businesses across all industries. We are thrilled at the opportunities for growth that are enabled by our investors' continued trust and commitment," said Elliot Lewis, CEO of Keyavi.
Chief Strategy Officer Todd Demko added, "Tremendous interest in Keyavi's technology and strong financial backing by investors positions the company for continued innovation and global market disruption. Keyavi redefines data security by upending the industry's notions of what cybersecurity should really be."
The Series A financing, plus an $8.3 million seed round that closed in early 2021, brings total company funding to $21.3 million.
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About Keyavi Data Corp.
Headquartered in Durango, Colorado, Keyavi's self-protecting, intelligent and self-aware cybersecurity technology enables an individual piece of data to think for itself; secure itself; control where, when and who is allowed to access it; refuse access to unauthorized users; stay continually aware of its surroundings and automatically report back to its owner - with all these capabilities built into the data itself. The company's API platform and a full suite of applications riding on that platform also provide data owners with powerful controls to allow, revoke or deny access to their information - no matter who has it, on any platform or device, regardless of how many copies exist. Under development for years before launching in 2020, this award-winning, multi-patented technology is so unique and innovative that leading industry analyst firm Omdia designated "self-protecting data solutions" as a new cybersecurity industry category, with Keyavi as the clear leader. Keyavi's easy-to-use yet robust solution delivers the ultimate in peace of mind for public and private organizations, their remote workforces and partner ecosystems in solving the security challenges of controlling confidential and intellectual property from data leaks, breaches and ransomware. To learn more about Keyavi and its breakthrough technology, visit https://keyavi.com/our-technology/. Follow Keyavi on LinkedIn, Twitter and Vimeo using the @KeyaviData handle and hashtag #Keyavi. Keyavi DataTM and Intelligent DirectoryTM are trademarks of Keyavi Data Corp. All rights reserved.