ShardSecure develops Microshard™ technology that shreds, mixes, and distributes data to render it unintelligible and mitigate cloud data security and privacy risks. Its Microshard process includes self-healing data capabilities that can reverse unauthorized deletion and tampering, including ransomware, for data at rest. The platform uses virtual clusters for high-availability and failover, and distributes Microshard data across customer-provided storage locations to support business continuity and recreate data after storage outages. Key innovations highlighted include protection against data compromise, automated recovery similar to RAID-5 for outages, and support for regulated industries. The company cites customers in financial services, healthcare and pharmaceuticals, global technology firms, and other regulated industries. Led by Co-Founder and CEO Bob Lam and based in New York City, ShardSecure plans to continue product development, add third-party integrations, and expand sales and marketing in North America and Europe using the new funding. ShardSecure offers a data privacy and security technology platform, including its Microshard solution, to companies in technology and investment management, with deployments in biotech and commercial banking. Since general availability less than one year ago, the company expanded Microshard to support both structured and unstructured datasets and delivered performance and deployment upgrades. The product now features a streamlined deployment process that can be completed in under fifteen minutes and is available on AWS Marketplace. ShardSecure has built out senior enterprise sales coverage across the U.S. Northeast, West and South and signed reseller relationships with Red River, DC Consulting and FiveSky. Led by CEO and co-founder Bob Lam, the company is positioning to scale commercial adoption. Financially, the company has raised a total of $4.5M to date, including the most recent Pre-Series A. ShardSecure provides patent-pending Microshard technology that breaks sensitive data into tiny fragments, distributes them across multiple clouds, and poisons them with false shards to make reassembly nearly impossible. The system reduces data sensitivity to help regulated-industry customers lower compliance costs and complexity and accelerate cloud adoption. Led by CEO and co-founder Bob Lam, the company is working with select early adopter design partners, including Fortune 500 organizations in healthcare and financial services. ShardSecure secured a seed funding round of undisclosed amount to ramp product development and establish initial sales and marketing efforts. The product is planned to become generally available in the first half of 2020.

Total raised

$14M

Funding rounds

3

Latest round

Series A

Latest activity

May 2022