nCrypted Cloud provides on-the-fly encryption and audit trails for files stored on Dropbox, Google Drive, SkyDrive and Box. The service encrypts files as they are added or on demand and creates paper trails so IT can see who encrypted and decrypted files and when. It implements a network-, device- and cloud-agnostic forensic-level auditing system to give centralized visibility and oversight of user activity. Founded by Nicholas Stamos and Igor Odnovorov, the company targets large enterprise customers while also offering a free personal version. Users have generated over 100M audit events and encrypted over 10M files; the company does not disclose user counts for security reasons. Financially, nCrypted Cloud raised a $3M seed round and is currently seeking a Series A, positioning the product around an accountability-based model to balance protection and productivity.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Feb 2014