Tresorit offers zero-knowledge end-to-end encryption and unique encryption key management for enterprise file sync, sharing and collaboration, aiming to provide on-premise equivalent security with consumer-grade user experience. The company serves more than 17,000 customers and says it has grown recurring revenue by an average of 3x every year over the last three years. Tresorit recently launched a beta of Tresorit Send, a standalone secure file-sharing product intended as an entry point to its broader encryption offering. The business is tapping rising demand for secure cloud solutions in light of high-profile enterprise security breaches. Tresorit plans to use new funding to accelerate growth by beefing up its management team, scaling marketing and sales, and establishing new channel partners. Its positioning emphasizes enabling enterprises to migrate to the cloud while addressing security and privacy concerns with end-to-end encryption. Tresorit provides client-side, end-to-end encrypted cloud storage that the company says enables secure sharing and collaboration without the service holding unencrypted user files. It uses patent-pending cryptographic encryption technology developed out of CrySyS Lab and aims to combine strong security with user-friendly workflows. The service is positioned as a privacy-first alternative to mainstream providers and is targeted at consumers, professionals, SMEs and regulated sectors such as law firms, CPAs and healthcare organizations. Tresorit emphasizes that it never stores encryption keys or unencrypted files and is incorporated in Switzerland, adhering to Swiss privacy law. To validate its security claims the company has run a public bounty program (recently increased to $50,000) that has attracted 1,000+ security professionals attempting to break its encryption. The company plans to further develop its encryption technology and expand marketing in the U.S. and Europe.

Total raised

$16M

Funding rounds

2

Latest round

Series B

Latest activity

Sep 2018