# Cigent Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cigent-technology

- Industry: IT Security/Cybersecurity
- Headquarters: Fort Myers, US
- Website: www.cigent.com
- Total disclosed funding: $7.6M
- Latest round: Series A (Apr 21, 2021)
- Investors on record: 3

## About

Cigent Technology develops advanced data security solutions specifically designed for government and enterprise sectors, focusing on protecting sensitive information through innovative storage drives and software applications.Cigent Technology is based in Fort Myers, US, and was founded in 2018 by John Benkert, who has a history of leading technology ventures. The company specializes in data security products and has raised USD 7.6 mn in Series A funding on April 21, 2021, co-led by Cyber Junction, In-Q-Tel, and WestWave Capital, marking its sole deal to date. The latest funding round raised the total amount raised by the company to USD 7.6 mn.Cigent Technology specializes in providing advanced data security solutions tailored for government and enterprise environments. The company’s core offerings include a suite of certified storage drives and software designed to protect sensitive data at rest, particularly in edge computing scenarios. These products incorporate layered security measures, such as AES 256-bit full drive hardware encryption, pre-boot authentication, and multifactor authentication, ensuring comprehensive protection against unauthorized access and data breaches. Cigent's solutions cater to various sectors, including U.S. Intelligence agencies, Defense services, and the defense industrial base, with notable partnerships involving leading device OEMs like Dell, HP, Getac, and Panasonic. The company markets its products across North America, Europe, and specific regions in Asia, addressing the compliance needs of organizations that require robust data protection solutions.Cigent Technology generates revenue through direct sales of its data security products to government and enterprise clients, as well as through partnerships with original equipment manufacturers (OEMs) and storage solution providers. Transactions typically occur on a B2B basis, where organizations procure Cigent’s flagship products—such as Cigent PBA (pre-boot authentication) and Cigent FDE (full disk encryption)—to fulfill their data protection mandates. The company’s pricing structure is based on the complexity and features of the deployed solutions, with offerings designed to meet specific requirements such as NSA CSfC (Commercial Solutions for Classified) compliance. The revenue stream is bolstered by ongoing support services and potential software licensing agreements, which enhance the longevity and functionality of Cigent’s security measures in various operational environments.Cigent Technology plans to utilize the recent funding of USD 7.6 mn from its Series A round to commercialize and bring to market Cigent Data Defense. The company is focused on expanding its product offerings and is designing new solutions aimed at enhancing data protection for its clients. Additionally, Cigent aims to enter new geographic markets, particularly in Europe and Asia, by 2023, to increase its global footprint and meet the rising demand for secure data storage solutions.

## Funding rounds

- Series A, Apr 21, 2021, $7.6M — In-Q-Tel, WestWave Capital, Cyber Junction

## Investors

- In-Q-Tel (https://capitalatlas.ai/funds/in-q-tel) — Series A
- WestWave Capital (https://capitalatlas.ai/funds/westwave-capital) — Series A
- Cyber Junction (https://capitalatlas.ai/funds/cyber-junction) — Series A