Follow The Money: 10 Recent Tech VC Investments To Watch In May

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Headquarters: Toronto

CEO: David Canellos
New Funding: $12 Million
Round: B
Backers: Paladin Capital Group, Ascent Venture Partners, Intel Capital

Cloud security is an industry space that most insiders believe will remain in growth mode for the future. The company intends to further invest in the sale and marketing of its cloud security gateway, which uses encryption modules and tokenization techniques to protect sensitive data, specifically in the banking, insurance, government/public sector, health care and manufacturing sectors. The product supports a variety of popular cloud apps, such as and Oracle CRM On Demand.


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