CipherStash
Latest round
- Seed
Last raised
- Oct 2023
Total raised
- $6M
Investors
- 7
About CipherStash
CipherStash Pty Ltd, founded in 2020 in Australia, focuses on data security solutions. Dan Draper serves as both CEO and founder, leading the company through multiple strategic initiatives. Their headquarters is located in a prominent Australian city, with a growing presence in North America and Europe.CipherStash offers a comprehensive suite of data security solutions designed to ensure sensitive data is accessible exclusively to authorized users. Their core product, ZeroKMS, operates as a unique key management system that enables end-to-end encryption while maintaining functionality like searchability across encrypted data. This allows organizations to store and utilize customer data with confidence, as the data remains encrypted even when in use. CipherStash serves a diverse client base, including sectors such as health tech and financial services, where stringent data protection is paramount.CipherStash generates revenue through a structured subscription model for its data security offerings, including the flagship ZeroKMS product. Clients typically engage in annual contracts that provide access to various features of the CipherStash platform, enabling them to encrypt and manage their sensitive data seamlessly. The transaction structure is primarily B2B, targeting enterprises that require stringent data protection measures. Subscribers benefit from integration support and can access features tailored to their specific needs, thus enhancing the overall customer experience. As part of its growth strategy, CipherStash aims to launch new products designed to address emerging security challenges, although specific release dates have not been disclosed. Additionally, CipherStash is targeting geographical expansion into new markets, particularly within North America and Europe, to increase its client base and offer its services to a wider audience.
Who invested in CipherStash
7 investors across 2 rounds
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Questions about CipherStash
Who invested in CipherStash?
CipherStash has 7 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has CipherStash raised?
CipherStash has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did CipherStash last raise money?
CipherStash's most recent round on record is a Seed, in Oct 2023.
What does CipherStash do?
CipherStash Pty Ltd, founded in 2020 in Australia, focuses on data security solutions.
Where is CipherStash headquartered?
CipherStash is headquartered in Australia.
Which VCs invest in companies like CipherStash?
Among active investors with capital left to deploy, Blackbird, AirTree Ventures, Square Peg and Immutable Ventures back hardware companies at CipherStash's stage. Their profiles are linked below.
VCs backing hardware startups at Seed
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