Fundz

Sotero Closes $8 Million Seed Extension Funding Round To Support Exponential Growth As The Leader In The Data Security Market

PRIVATEJul 25, 2022

Amount Raised

$8 Million

Round Type

Seed

BurlingtonInformation TechnologySoftwareSecurityCyber Security

Description

Sotero, the leader in revolutionary data security, today announced an $8 Million extension of their seed round, bringing the round to a total of $13 Million. Israel's OurCrowd led the round with participation from existing investors, Gutbrain Ventures, PBJ Capital, and Boston Seed Capital.

Quick answer

Sotero raised $8 Million in a Seed round, dated July 25, 2022. Sotero is based in Burlington, Massachusetts, United States.

How much did Sotero raise?
Sotero raised $8 Million in a Seed round on July 25, 2022.
What does Sotero do?
Sotero is a global leader in data security and ransomware prevention.
Where is Sotero based and how big is it?
Sotero is based in Burlington, Massachusetts, United States. Fundz records about 16 employees.
Who are the decision-makers at Sotero?
Fundz holds 1 contact at Sotero. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Security and Cyber Security around the same time

Companies in the same sectors as Sotero that raised within 45 days of this round, from Fundz verified event records.

  • Reciprocity raised $60M on September 8, 2022.
  • Open Raven raised $20M (Series B) on September 8, 2022.
  • Nightfall AI raised $40M (Series B) on August 10, 2022.
  • SaaS Alerts, Inc. raised $22M on September 8, 2022.
  • Drawbridge raised an undisclosed amount on September 7, 2022.
  • Isovalent raised $40M (Series B) on September 7, 2022.

Who to call at Sotero, and when

A new round usually means Sotero is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Sotero raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Sotero, from your own LinkedIn network

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Company Information

Company

Sotero

Location

1500 DISTRICT AVE.

Burlington, Massachusetts, United States

About

Sotero is a global leader in data security and ransomware prevention. Our Data Security Platform offers a simple way to protect your data everywhere, all the time. Sotero uses a multi-layered approach to secure and keep your data private, even when it's being used. Our platform encrypts data throughout its entire lifecycle and stops threats with real-time detection and automated quarantine of malicious access.

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Sotero raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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