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.
The company's EDRM 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), Seclore automates the protection of documents as they are downloaded, discovered, and shared to accelerate adoption.
With the most advanced and secure EDRM technology, the firm was recently recognized by Frost & Sullivan with a Growth Excellence award, by Deloitte as one of the ‘50 Fastest Growing Technology Companies,’ and by Gartner as a ‘Cool Vendor,’ due to innovations in browser-based access to protected documents. With over 4 million users across 400 companies in 29 countries, Seclore is helping organizations achieve their data security, governance, and compliance objectives.
“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.”
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