PerspecSys develops a patent-pending Cloud Data Protection Gateway that intercepts sensitive data on-premise and secures it using industry-validated encryption or third-party assessed tokenization while preserving cloud application functionality. The product supports multiple popular cloud applications, including Salesforce.com and Oracle CRM On Demand, and integrates validated encryption from vendors such as Voltage Security, McAfee, SafeNet, Symantec, and RSA. PerspecSys says it never allows sensitive data to leave a customer’s network, enabling features like search and email on tokenized or encrypted data and meeting strict U.S. and European regulatory requirements. The company reports offices in the U.S., U.K., and Canada and a client roster that includes three of the world’s largest financial institutions and a major multinational conglomerate. PerspecSys will use the new investment to support continued global sales and marketing expansion and technology innovation across banking, insurance, government/public sector, healthcare, and manufacturing markets. With this round, total investment in PerspecSys exceeds $20 million. PerspecSys provides a cloud data privacy, residency and security platform designed to enable enterprise cloud adoption while controlling and protecting sensitive data. The company’s solutions target sensitive data used in public cloud applications across regulated industries. Customers include financial services firms, banks, management consulting firms and public sector services. PerspecSys was founded by CTO Terry Woloszyn and is based in Greater Toronto, Canada. The company says it will use the new financing to expand the business and advance its technology. The article does not disclose operating metrics such as revenue or user counts.

Total raised

$20M

Funding rounds

2

Latest round

Equity

Latest activity

May 2013