InCountry, a data-residency-as-a-service platform, has closed its Series A on $15m, just months after raising its seed round.
Venture capital firms Arbor Ventures, Global Founders Capital, and Mubadala led the new round. Contributions also came from existing InCountry backers including Caffeinated Capital, Felicis Ventures, Charles River Ventures, and Team Builder Ventures.
Following the close of the round, the company is looking to open regional offices in Singapore, Berlin, and Abu Dhabi, as well as launch its new product InCountry Border. The new service will give encryption and data handling capabilities which stay within borders.
The InCountry Border service offers new features which will bolster the storage and processing of protected data. One of the new tools is localised encryption which lets customers manage and store regulated citizen data without needing it to leave the country of origin. Another new feature is that it can integrate without the need of new coding.
InCountry has extended its reach and now supports highly-regulated countries including Russia, India, China, Vietnam, Indonesia, United Arab Emirates, and Germany.
The company currently operates across 65 countries, helping businesses to securely store, process and regulate profile data within the country of origin.
Arbor Ventures co-founder Melissa Guzy said, ?The rapidly evolving and complex global regulatory landscape in our technology driven world is a growing challenge for companies.
?InCountry is the first to provide a comprehensive solution in the cloud that enables companies to operate globally and address data sovereignty. Were thrilled to partner and support the company mission to enable global data compliance for international businesses.p>
As part of the deal, Arbor Ventures co-founder and managing partner Melissa Guzy will join the InCountry board of directors.
This investment comes hot off the heels of?InCountry $7m seed round?which was supported by Caffeinated Capital, Felicis Ventures, Ridge Ventures, Bloomberg Beta, Charles River Ventures, Global Founders Capital, Parade Ventures, MState, and various angel investors.
The former round was raised to support the scaling of InCountry operations to reach 100 countries.