Second Series A financing round for CertiVox

Octopus Investments and Pentech Ventures have participated in a second round of Series A venture capital funding, which has closed at £1.5 million, for information security company CertiVox.

CertiVox will use the funding to expand its development team and bring to market the company’s certificate-less encryption as a service platform. The platform has been developed by the business, which is jointly headquartered in London and San Francisco, to service cloud-based and mobile technology providers.

CertiVox was founded in 2009 to provide technology that aims to secure email and transferred files, prevent data leaks, implement digital rights management, and launch comprehensive audit controls over secure information exchanges.

No further breakdown of the funding has been released, but according to a statement from the firm, Octopus led the financing round. Following the investment Luke Hakes, principal at Octopus, will join the CertiVox board.

Brian Spector, chief executive at CertiVox, comments, ‘We are excited by the continued support from two such well-regarded technology investors. We know that all currently available security approaches have been found wanting with regard to scaling and simplicity required for doing real business in the cloud, and we believe the time is right for our breakthrough security technology.’

In March this year, Pentech Ventures and Octopus Investments announced that the they had invested £900,000 in a Series A funding for company.

Todd Cardy

Todd Cardy

Todd was Editor of GrowthBusiness.co.uk between 2010 and 2011 as well as being responsible for publishing our digital and printed magazines focusing on private equity and venture capital.

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Series A funding