New Funding Will Accelerate Enterprise Adoption of LeakSignal’s Data In-Transit Capabilities to End Data Leakage

March 21, 2024 08:00 AM Eastern Daylight Time

ATLANTA–(BUSINESS WIRE)–LeakSignal, a provider of microservices cybersecurity solutions, today announced that it has secured $1.6 million in an oversubscribed funding round. Led byShasta Ventures with participation from TFX Capital, Blu Ventures, and Cyber Mentor Fund. Previous investors include Tokyo Black, Vela Partners, and other prominent cybersecurity angels.

LeakSignal, a provider of #microservices #cybersecurity solutions, today announced that it has secured $1.6 million in an oversubscribed funding round.

In an era where traditional security measures fall short in their ability to protect modern architectures (e.g. Microservices, Serverless, LLMs), LeakSignal differentiates itself by safeguarding sensitive data at its most vulnerable stage—when it is in transit.

As organizations transition to the next generation of AI-driven Application Development & Cloud Native platforms, they’re finding API security, DLP, and DSPM point solutions only cover a fraction of the problems businesses face from their rapidly expanding architectures. Large enterprises are plagued with high false positives and limited visibility into sensitive data transiting their production infrastructure within API, log and database traffic. In parallel, stricter regulatory requirements are now driving the need for data classification in transit, or data flows, as seen in upcoming PCI 4.0 and NIST guidance. LeakSignal’s cutting-edge approach addresses these challenges head-on, providing unparalleled protection against sensitive data leakage through realtime, in-transit data classification.

“Understanding the flow of sensitive data is now a requirement and top of mind for every organization. LeakSignal has pioneered the art of data-in-transit classification utilizing Rust and WebAssembly (WASM). Much like Fastly leverages Web Assembly at the Content Delivery Network (CDN) edge, LeakSignal uses WASM within service mesh environments to map data flows, block advanced threats and mitigate data leakage.”

–Bill Phelps, fmr Booz Allen Executive Vice President and Current Partner, Blu Venture Investors

“LeakSignal is at the forefront of addressing the critical challenges faced by businesses in securing their API and microservices ecosystems. As a fund that invests in early-stage technologies that make our nation more secure, we are impressed with the company’s team, technology, and market traction and are excited to support LeakSignal in their journey to set new standards in cybersecurity.”

-Brandon Shelton, Managing Partner TFX Capital

“LeakSignal’s recent work with two of the top ten largest banks in the US, as well as with a major international airline, shows that existing data protection solutions are not addressing the problems that large regulated enterprises face when it comes to observability and mitigation of data leakage.”

“We are extremely fortunate to have this level of support from so many top-notch investors. This funding will allow us to expand our reach and further our mission of making data in-transit classification accessible within every regulated organization.”

–Wesley Hales, CEO & Co-Founder of LeakSignal

The funding will accelerate LeakSignal’s growth and product development. The company plans to expand its evangelism efforts to equip platform and security engineers with cutting-edge data in-transit capabilities that integrate natively into all modern architectures.

About LeakSignal

LeakSignal is a provider of microservices cybersecurity solutions. The company’s platform is designed to protect microservices and service mesh architectures from cyberattacks. LeakSignal’s platform is used by a number of enterprise customers, multinational banks and airlines. The company is headquartered in Atlanta, GA.

Get started with LeakSignal today.

Contacts

Media Relations
Emma Peters
emma@cybermentorfund.com

Sales
Justin Jackson
sales@leaksignal.com
(415) 808-5880

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