Jones Day advised Cryptosense SA on the deal.
Cryptosense, a cryptography lifecycle management platform, announced a $4.8 million funding round led by Amadeus Capital Partners with participation from BGV and Elaia Partners. Organizations that trust Cryptosense to secure their cryptography include one of the two largest global software companies, two of the three largest credit card providers, and multiple global government agencies. The funds will be used to hire senior-level staff across the product and engineering teams, develop the company’s partner program, and further expand the company’s operations across the U.S.
Cryptosense provides deep visibility and actionable insights that enable security professionals to protect against data breaches and ensure they remain compliant with the regulations in their industry. The platform unlocks the ability to scan applications, filesystems, and network protocols giving a global, real-time, single-dashboard view of how cryptography is being used. Cryptosense’s proprietary algorithm enables access to specialized analysis that’s not readily available to the enterprise, providing on-demand cryptographic audits that uncover errors that a standard pattern-based approach is not capable of detecting. While other providers in the space scan apps from an external point of view, Cryptosense monitors apps from the inside to better understand how they protect data and makes recommendations based on the gathered information. Customers cite an 80% reduction in the time it takes to demonstrate cryptography compliance after partnering with Cryptosense.
The Jones Day team was led by Jean-Gabriel Griboul (Picture).
Involved fees earner: Jean-Gabriel Griboul – Jones Day;
Law Firms: Jones Day;
Clients: Cryptosense SA;