Companies

Irish cybersecurity firm Vaultree raises $12.8m

Dublin and London-listed Molten Ventures co-leads Series A along with Ten Eleven Ventures

Vaultree is to use proceeds from the new funding round to advance sales, marketing and product development of its data-in-use encryption technology. Picture: Getty

Vaultree a Cork-based cybersecurity company, has raised $12.8 million in a Series A founding round.

The latest financing brings the total funding to date to $16 million for the encryption-as-a-service provider.

Molton Ventures, the Dublin and London-listed venture capital firm formerly known as Draper Esprit co-led the Series A with Ten Eleven Ventures, a Silicon Valley-based VC, led by Alex Doll, who previously co-founded Pretty Good Privacy (PGP), the well-known encryption tool.

Other backers include leading ...