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LOS GATOS, Calif., Feb. 10, 2022 /PRNewswire/ — Titaniam, Inc., a knowledge safety and privateness firm, right this moment introduced that it has closed a $6 million seed funding spherical led by Refinery Ventures with participation from Fusion Fund and Shasta Ventures. Particular person traders additionally participated in financing, together with Ray Rothrock, Richard Clarke, and Dale Fuller, Refinery Enterprise’s most up-to-date Enterprise Associate, amongst others. Titaniam will use proceeds from this funding spherical to assist an aggressive gross sales enlargement and additional product improvements.
Titaniam’s platform renders information resistant to ransomware, cyberattacks, extortion, insider threats, unintended publicity, and any data-related cyber occasion. Powered by NIST permitted and patented improvements in encryption and adaptive information privateness, Titaniam is utilized by regulated enterprises, SaaS suppliers, and product distributors who demand Zero Belief Knowledge Safety.
“Ransomware assaults are occurring by the tons of daily. It is extra essential than ever for organizations to guard their information,” said Arti Raman, Founder and CEO of Titaniam. “We based Titaniam with one objective in thoughts: to maintain precious information safe, whether or not it’s on the transfer, in storage, or being actively utilized in functions. We constructed a novel platform, acquired it licensed, and helped quite a few organizations shield their information within the face of relentless cyberattacks. We’re excited to associate with our new traders to serve clients giant and small by defending them from the ever-growing quantity and forms of cyberattacks.”
Along with encryption, Titaniam supplies crucial visibility into information that was accessed, noticed, or exfiltrated. The platform additionally supplies granular field-level documentation certifying that all through the assault, the protected information retained robust encryption, no matter entry privilege. This neutralizes any data-related leverage ransomware attackers may achieve, which saves the enterprise from extortion, regulatory penalties, notification prices, and supplies peace-of-mind for CISOs, Executives, and Boards of Administrators.
Based on Ray Rothrock, cybersecurity veteran and Titaniam investor, “Titaniam solves the primary and rising drawback confronted by organizations – ransomware. Encrypting information whereas in use is the Holy Grail of cyber safety methods. The on-the-fly and in-use encryption expertise by Titaniam is key for complete cyber safety technique. I stay up for working with Arti and her group via the corporate’s subsequent part of development.”
“We have been lucky to be launched to Arti and her group via Stephen Rodriguez, one among our Enterprise Companions,” said Tim Schigel, Managing Associate of Refinery Ventures. “Titaniam has all the attributes we search for in an funding and we now have little question that Titaniam is poised to expertise large development. Not solely is Arti’s background distinctive, the issue Titaniam is fixing is among the most difficult throughout industries.”
“Cyberattacks are among the many high threats to enterprises and governments right this moment,” mentioned Lu Zhang, Founder and Managing Associate of Fusion Fund. “We’re excited to assist Titaniam in its mission to guard victims of cyberattacks and their clients from information compromises and extortion.”
For extra data, please go to titaniam.io or e-mail [email protected].
About Titaniam
Titaniam, Inc. is a number one supplier of enterprise grade ransomware and extortion protection options. Titaniam makes use of leading edge encryption-in-use to make sure that precious information stays protected even when attackers have entry to legitimate credentials. Titaniam’s options can be found within the type of an API, ransomware-proof Vault, or a knowledge platform plugin. For extra data please go to Titaniam at https://titaniam.io/.
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