USA – Kapalya, a Berkeley, Calif.-based enterprise grade cybersecurity startup, closed a seed funding round of undisclosed amount.
The round was led by Caltrop Holdings.The company intends to use the funds to further enhance its existing Encryption Management Platform (EMP) and to step up its efforts in sales and marketing in North America, the Middle East and Africa.For many organizations, the COVID-19 pandemic has mandated their employees to work remotely, making them more vulnerable to cyber-attacks and ransomware breaches. This puts their data and file-sharing at risk and brings about the need for end-to-end encryption, across multiple platforms, within the entire organization.Led by Sudesh Kumar, Founder and CEO, Kapalya provides an Encryption management Platform that empowers businesses and their employees to securely store and share sensitive files at-rest and in-transit across multiple platforms through a user-friendly file system. The company serves keys in real-time and destroys them after the encrypt or decrypt functions. Its encryption solution protects all corporate data by seamlessly encrypting files on all end-points (computers and mobile devices), corporate servers and public cloud providers. Kapalya graduated from ICE71 Accelerate, a three-month accelerator programme for early-stage cybersecurity start-ups, in June 2020. ICE71 is co-founded by Singtel Innov8, venture capital arm of the Singtel Group, and NUS Enterprise, the entrepreneurial arm of the National University of Singapore (NUS).14/12/2020
