Data protection company Calamu has raised $2.4m in capital following an oversubscribed funding round.
Calamu expanded its board of directors following the capital raise. Investors involved in the capital raise included Lou Ryan, who is a cybersecurity entrepreneur and former CEO and chairman of Edgewave, and John Stewart, former SVP, chief security and trust officer of Cisco Systems, also joined the board.
Founded in 2010, Calamu has developed a data protection platform which turns a user’s data into valueless fragments and scatters them across multiple storage locations. In the event of a data breach, the firm’s auto-healing technology alleviates any impact, restoring the data to its uncorrupted condition.
Calamu noted that with more companies migrating to the cloud due to the global climb in remote workers because of the pandemic, the overall cyber-attack surface is widening rapidly. The firm added businesses are finding themselves evaluating public cloud storage benefits against the risk of third parties accessing sensitive data – made even more complicated by the need to comply with a range of data privacy regulations. This, Calamu claims, is where it comes in.
Calamu’s data protection platform creates what the company describes as ‘the world’s first safe data harbour’ as well as a virtual environment mostly immune to the effects of a data breach and capable of automatically self-healing from an attack. Only the rightful owner is capable of reuniting the data to a usable format, and never a third party.
The Calamu platform also simplifies compliance with a range of data privacy regulations, subsequently protecting organizations from large fines. The platform can be configured using existing on-premises infrastructure or various major cloud storage providers such as Microsoft Azure, Google Cloud and Amazon Web Services.
Ryan said, “Data breaches and cyber-attacks such as ransomware have become an existential threat to every type of organization. Calamu offers unparalleled protection by offering businesses complete control over who has access and making it possible to automatically self-heal from a data breach. This is a level of resilience previously unseen in the cybersecurity landscape.”
The company also launched an advisory board. The advisors include former CMO of VMware Robin Matlock, former president of ServiceNow David Schneider, former SVP & Treasurer of Cisco Systems and Apple David Holland and Marla Crawford, who previously worked for Goldman Sachs.
Stewart added, “Our world runs on data, and data resilience and protection comes hand in hand. Organizations are looking for far more effective answers to protect their digital assets and ensure business continuity; Calamu offers a highly unique, innovative solution to both.”
Calamu founder and CEO Paul Lewis also remarked, “Following rapid growth in research and development and the successful beta release of our technology, we’re excited to emerge from stealth and champion the use of auto-healing data protection. Our vision is one where no business fears their data will be leveraged against them. Businesses should always be able to control who can access their data, even if using a public cloud environment. With Calamu, that vision is now possible.”
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