Baffle Raises $20M in Series B Funding Round
Cloud data protection solution provider, Baffle, Inc. recently announced that it has raised $20M in a Series B funding round led by new investor Celesta Capital. Additional contributions came from National Grid Partners, Lytical Ventures, and Nepenthe Capital, with follow-on investments from True Ventures, Greenspring Associates, Clearvision Ventures, Engineering Capital, and Triphammer Ventures.
Baffle delivers data security and protection in the cloud to businesses of all sizes, with proven success in large-scale environments. Its Baffle Data Protection Service de-identifies sensitive information without the need for application changes, enabling organizations to responsibly move more data to the cloud for privacy-preserving analytics in artificial intelligence and machine learning. Additionally, the vendor’s no-code security mesh takes a data-centric approach at cloud scale without any impact on performance or changes to applications.
Baffle protects over 100B records in financial services, retail, industrial IoT, and government. This includes the records of the top five global financial services companies and five of the top 25 global companies. The provider also supports all major cloud platforms, including Amazon Web Services, Microsoft Azure, Google Cloud Platform, IBM Cloud, Snowflake, and Amazon Redshift, as well as other analytics environments.
In a press statement, Ameesh Divatia, co-founder and CEO of Baffle said, “securing IT infrastructure — networks, devices, databases, lakes, and warehouses — is never complete. Constant change makes it impossible to adopt a zero-trust security posture without protecting the data itself. With this investment, we can meet market demand for data-centric cloud data protection that enables responsible digital information sharing and breaks the cycle of continuous data and privacy breaches.”
Sriram Viswanathan, Founding General Partner for Celesta Capital, who will join Baffle’s board of directors, also added, “with enterprise data moving rapidly to cloud infrastructure, it is critical that the highest levels of security solutions are conducted in an easy to implement, and easy to deploy fashion. Baffle’s data-centric security solution delivers on this promise. As a result, Baffle’s customer base has grown dramatically in the last year. We are thrilled to partner with the company as it readies for its next phase of growth.”
To learn more about Baffle, click here.