Baffle Raises $20 Million To Deliver Advanced Cloud Data Protection Solutions
Baffle, a Database and File Encryption Solutions provider, raised $20 million in an ongoing series of funding. Celesta Capital led the funding and will be joined by other major investors including existing shareholders.
Raising this capital will allow us to expand our customer base as we aim to grow our solutions demand in the existing market and reduce the increasing number of cyberattacks. Baffle is a California-based Universal Data Protection Solution provider that was established in 2015 to provide the best quality Data Protection Services.
The company is a well-known for offering its transparent data-centric security layer for multiple data protection modes. It offers Data de-identification, field-level/round-level encryption, Format Preserving Encryption BYOK for SaaS for its customers.
Explore DigitalOcean 2020 Q2 Results According to Baffle, their mission is to develop enterprise-level transparent data security solutions to help protect online businesses from phishing and data breach incidents.
The startup claims, “The world’s leading encryption companies have built their products in such a way that they ensure that your data is never accessible to anyone without the consent of your organization. Baffle is one of the few startups providing a comprehensive security solution with the ability to encrypt sensitive data in any type of enterprise infrastructure. It does so by providing a single platform that can be integrated in to a variety of cloud environments like Amazon Web Services (AWS), IBM Cloud, Google Cloud Platform, and Microsoft Azure.
With more and more enterprises, it becomes a necessity to secure the data with the highest quality data security solutions with an easy-to-implement process.
We’re excited about Baffle’s growth, their ability to solve a real problem for the companies they work with, and the market opportunity that lies ahead.
Baffle raised $20 Million in Series B funding, which was led by a new investor Celesta Capital, with National Grid Partners, Nepenthe Capital, Lytical Ventures, and follow-on investment from other major investors including Engineering Capital, True Ventures, Clearvision Ventures, Greenspring Associates, and Triphammer Ventures.