Data security solutions provider Privafy has emerged from stealth mode with $22 million in funding, which it will use to scale product development.
The Burlington, Ma-based company, which was founded by Verizon and NXP Semiconductors executives, provides a cloud-native SaaS application that aims to secure data as it moves across locations, clouds, mobile, and Internet of Things (IoT) devices.
Its application, Privafy says, can deliver protection by integrating the functionality of encryption systems and VPNs, firewalls, intrusion detection and prevention systems (IDS/IPS), data loss prevention (DLP), deep content inspection, and distributed denial of service (DDoS) defense technology.
Privafy claims that its SaaS solution can provide organizations protection against a wide range of cyber-attacks, such as unauthorized intrusions and access, malware, DDoS, ransomware, botnets, and more, all without affecting performance.
Customers benefit from a proprietary Absolute Encryption schema that defends against man-in-the-middle or unauthorized snooping attacks; endpoint identity protection to prevent endpoint cloning; Impervious Firewall technology; and deep content inspection for data loss prevention and malware screening.
All services can be monitored and managed from a single dashboard named PrivafyCentral. These services include Privafy’s NetEdge – targets on-premise connectivity; CloudEdge – secures public and private clouds; and AppEdge – protects iOS, Android, Windows, macOS and Linux devices.
Available today, Privafy’s SaaS solution can be deployed in enterprise environments of all sizes. The company is working with channel partners, broadband and wireless carriers, and service providers to make its offering available globally.
“Privafy was purpose-built to secure data in today’s modern world. We have democratized Internet security to protect data in a way that is easier to deploy and far more economical for any sized enterprise, regardless of where or how they work,” Guru Pai, co-founder and CEO of Privafy, commented.