Evervault, a data-privacy-management platform, just raised $3.2 million in seed funding from legendary Silicon Valley funds, including Sequoia Capital and Kleiner Perkins.
Now the startup hopes to grow its team of developers after receiving Sequoia's first seed investment outside the US. The leading US venture-capital investor Sequoia Capital has made its first seed investment outside the US to back the 19-year-old Irish CEO Shane Curran in a $3.2 million round. Evervault promises secure cloud infrastructure for app developers. It isn't publicly available yet, but would-be customers can join the startup's waitlist. Data breaches from poor security and hacking have become a major problem for businesses of all kinds, with millions of passwords and other sensitive information leaked every year.
"The fundraising process is very time-consuming when you're trying to run a business, so there's a sense of relief that it's done," Curran told Business Insider in an interview. "Having great investors around you is a real comfort blanket and means we have the support to build out our engineering team in Dublin."
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Source: BusinessInsider - 🏆 729. / 51 Read more »