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Data Security Firm Sotero Raises $8 Million in Seed Funding

Data security startup Sotero has raised $8 million in an extended seed funding round that brings the total invested in the company to $13 million.

The round was led by OurCrowd, with participation from existing investors Boston Seed Capital, Gutbrain Ventures, and PBJ Capital.

Data security startup Sotero has raised $8 million in an extended seed funding round that brings the total invested in the company to $13 million.

The round was led by OurCrowd, with participation from existing investors Boston Seed Capital, Gutbrain Ventures, and PBJ Capital.

Founded in 2017, the Burlington, MA-based Sotero provides a data-focused security platform that allows for the centralized management of data instances, applications, and security point solutions.

Sotero’s cloud-native, zero trust solution provides auditability, visibility, governance, and control of all data assets, for complete data management across the ecosystem. The platform relies on encryption to protect all data, regardless of whether it is at rest, in transit, or in use.

The funding will be used to advance research and development to secure unstructured data, in addition to the structured and semi-structured data, Sotero co-founder and CEO Purandar Das says. The company will also invest in accelerating growth in the US.

“Sotero brings together for the first time full and easy access to enterprise data, together with unparalleled security controls. These seemingly contradictory demands become smoothly integrated into the Sotero data security fabric,” OurCrowd CEO Jon Medved said.

Related: Edge Management and Orchestration Firm Zededa Raises $26 Million

Related: Machine Identity Management Firm AppViewX Raises $20 Million

Related: Blockchain Security Startup BlockSec Raises $8 Million

Related: How a VC Chooses Which Cybersecurity Startups to Fund in Challenging Times

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

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