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Vormetric Secures $15M in New Funding; Alan Kessler, Jim Simons Comment

Vormetric Secures $15M in New Funding; Alan Kessler, Jim Simons Comment - top government contractors - best government contracting event

Vormetric1 EbizVormetric has raised $15 million in fresh investments from a Split Rock Partners-led growth capital round held amid company moves to grow and expand to international markets.

Previous investors JK&B Capital, QuickSilver Ventures and Sigma Partners also participated in the funding round, Vormetric said June 26.

The data security firm will use the funding to develop new technologies and extend its global footprint to help clients meet regulatory requirements and address information technology issues on cloud environments, big data and advanced persistent threats. 

Vormetric currently serves Fortune 25 companies with portfolios in banking, food and beverages, telecommunications, financial services and healthcare.

Split Rock Managing Director Jim Simons, who has been appointed to Vormetric's board of directors, said Vormetric has been enabling clients to install firewalls, set up access controls and gather security intelligence to secure customer data, financial information and intellectual property.

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Written by Jay Clemens

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