Enterprise Digital Rights Management Firm Seclore Closes Series B Funding
Enterprise Digital Rights Management (EDRM) leader, Seclore, has raised $12 million in Series B funding by Helion Ventures, VentureEast, Sistema Asia Fund, and India Alternatives.
Seclore enables organizations to protect 60 percent more files due to its automated, connected approach to EDRM, ensuring more files are secured as they are used in collaboration. A growing client roster of Global 5000 companies in the insurance, financial services, legal, telecom, and manufacturing industries rely on Seclore’s technology to protect information as it is shared externally.
“There is a dramatic uptick in the demand for EDRM as the need to collaborate securely with external partners grows. Organizations are finding that persistent, granular file-centric security is the best defense against cyber-attacks and other risks associated with the sharing of sensitive information,” said Vishal Gupta, CEO at Seclore. “Our solid growth in the fiscal year ending March, 2016, along with the Series B funding, will enable us to continue driving technological innovations in the EDRM space.”
“In the modern, global world of cloud and mobile technology, it is extremely difficult to balance effective external collaboration with strict information usage policies,” said Kirill Kozhevnikov, managing director and partner at Sistema Asia Fund Advisors. “Seclore has reinvented EDRM with innovations in ease-of-use and simplified connectivity to accelerate adoption of persistent information-centric security.”
“The Panama Paper leak is the latest example of why organizations need Enterprise Digital Rights Management,” said Shivani Bhasin Sachdeva, managing director and CEO of Indian Alternatives. “Seclore is a leading player in the global EDRM space because it is led by an experienced and dynamic management team that has built an innovative and easily integrated product.”
Seclore’s Enterprise Digital Rights Management solution enables organizations to control the usage of files wherever they go, both within and outside of organizations’ boundaries. Featuring dozens of pre-built connectors for leading enterprise applications (EFSS, DLP, ECM, ERP, and email), the company automates the protection of documents as they are downloaded, discovered, and shared to accelerate adoption.
With over 4 million users across 400 companies in 29 countries, Seclore is helping organizations achieve their data security, governance, and compliance objectives.
