CertiVox, an information security company, announced today that it has closed a second round of Series A venture capital funding. The GBP 1,500,000 round (approximately $2,400,000) was led by Octopus Investments and included Pentech Ventures, both existing investors based in the UK. Following the investment, Dr. Luke Hakes, principal at Octopus, will join the CertiVox board. CertiVox will use the funding to expand its development team and bring to market the company’s breakthrough certificateless encryption as a service platform. The CertiVox platform is built from the ground up to service the Web 2.0 and mobile worlds, and simplifies the securing of data in public and private cloud environments.
“We are excited by the continued support from two such well-regarded technology investors,” said Brian Spector, CEO at CertiVox. “We know that all currently available security approaches have been found wanting with regard to scaling and simplicity required for doing real business in the cloud, and we believe the time is right for our breakthrough security technology.”
“The CertiVox cloud-based service that provides for management and provisioning of identities, encryption keys and cryptographic protocols brings massive innovation, simplicity and scale to the cloud and enables all devices to communicate securely over the web,” said Dr. Hakes. “The CertiVox platform eliminates concerns about compliance and control and enables customers to reap the benefits of the cloud. Through our investment and the continued hard work with the CertiVox team, we hope to help people and companies secure their information in the cloud and create a company that transforms security software.”
“The need for security and encryption for the cloud is clearly a big market opportunity,” said Dr. Sandy McKinnon, Pentech Ventures partner and CertiVox board member. “CertiVox’s encryption platform fundamentally addresses the vulnerability of storing the keys and the data together. The CertiVox platform leapfrogs users’ data compliance concerns and simplifies everything about public and private cloud security. We see CertiVox as a driving force to deliver confidence in a connected world by strengthening security today, for the next generation of smart devices and for all things Internet and we hope to create a company that transforms security software.”
About Pentech Ventures
Pentech Ventures invests in companies developing and marketing enterprise software, SaaS solutions and internet technologies, working in applications ranging from digital media, e-commerce, social gaming and mobile advertising to software protection and software verification. The Pentech Partners and Advisory Group Members have considerable experience in starting, developing and exiting software businesses, both in Europe and in the U.S. The Pentech Fund is managed by Pentech Ventures LLP, and includes the European Investment Fund amongst its investors. Pentech Ventures is regulated by the FSA. For further information, see www.pentechvc.com .
About Octopus Investments
Octopus Investments, founded in 2000, is a leading investment specialist. We offer innovative core and satellite investment solutions to UK investors, and a wide range of funding options for exceptional companies. Our funding solutions cover the entire capital structure, from equity through mezzanine to senior debt, and we seek out exceptional management teams in unlisted companies with whom we can partner. Octopus has built its business around three core pillars: customer led innovation, excellence in customer service and the quality of our people. Octopus employs over 200 people to manage over GBP 2.5 billion in funds under management. ( www.octopusinvestments.com )
CertiVox develops and markets a certificateless encryption as a service platform that provides for management and provisioning of identities, encryption keys and cryptographic protocols that enable governments, enterprises and individuals to secure their information exchanges simply and easily. CertiVox has headquarters in San Francisco and London. For more information, visit www.CertiVox.com .