SnippetSentry, a Silicon Valley-based firm that empowers companies to tackle the significant challenge of unmonitored mobile communications data, is experiencing an unprecedented client demand for their fully programmable mobile enterprise data security platform, SnippetExchange.
The firm recently announced the closure of an extended Series A round to meet the high client and market demand. The funding round was led by Carolina Financial Group, who also led the previous investment round.
SnippetSentry’s unique product, SnippetExchange, is a fully customizable, scalable, mobile data security enterprise platform. Purpose-built with automation and global scalability in mind, the platform is designed for seamless deployment with minimal IT involvement and no changes to user behaviour.
The new funds will be used to expedite the market release cycle of SnippetExchange, in response to the immediate requests for licenses from existing clients and partners after the company’s roadmap was released earlier this year.
In addition to the funding news, SnippetSentry is set to showcase SnippetExchange at leading industry events this May in Washington, D.C., and San Francisco, CA.
Bruce Roberts, CEO of Carolina Financial Group, expressed his company’s enthusiasm for the product, stating, “We’re thrilled to be using SnippetSentry because it will give us more comprehensive control over the ever-expanding range of digital communication. It vastly extends the reach of our business in a way that increases our customer contact in a seamless and compliant manner.”
Edward Green, CEO of SnippetSentry, also shared, “The positive feedback from our initial pilot clients was immediate product-market fit validation. It was natural for us to align our market vision to more effectively address today’s challenges of capturing and securely dispatching messages. With SnippetExchange, we are addressing one of the most significant gaps in today’s enterprise security posture – mobile data transmissions – in a way unlike any company currently in the market.”
The extended Series A round is a continuation of the firm’s previous successful funding round, which was also led by Carolina Financial Group.
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