LeakSignal clinches $1.6m in seed funding to enhance cyber in microservices

LeakSignal

LeakSignal, a provider of microservices cybersecurity solutions, has successfully secured $1.6 million in an oversubscribed seed funding round.

The investment was led by Shasta Ventures, with contributions from TFX Capital, Blu Ventures, and Cyber Mentor Fund. LeakSignal is recognised for its exceptional approach to protecting sensitive data during its most vulnerable phase—in transit.

The company’s innovative solutions are designed to meet the security needs of modern architectures such as microservices, serverless frameworks, and large language models (LLMs). At a time when traditional security measures are proving inadequate, LeakSignal offers a beacon of hope by preventing sensitive data leakage through real-time, in-transit data classification. This method is especially critical as businesses migrate towards AI-driven application development and cloud-native platforms, encountering challenges that cannot be fully addressed by existing API security, data loss prevention (DLP), and digital security posture management (DSPM) solutions.

With the newly acquired funds, LeakSignal aims to accelerate its growth and product development initiatives. The company is set to expand its evangelism efforts, equipping platform and security engineers with the advanced tools needed for comprehensive data-in-transit protection within all modern architectures. This development comes at a crucial time when large enterprises face increasing challenges related to high false positives and limited visibility into sensitive data flows across their production infrastructure.

Additional support for LeakSignal’s mission is evident through its recent collaborations with two of the top ten largest banks in the United States and a major international airline. These partnerships underscore the pressing need for enhanced observability and mitigation of data leakage within large regulated enterprises.

LeakSignal CEO & Co-Founder Wesley Hales expressed gratitude for the overwhelming investor support, stating, “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.”

Previous funding rounds have included investments from Tokyo Black, Vela Partners, and other prominent cybersecurity angels, demonstrating continued confidence in LeakSignal’s vision and technology.

Keep up with all the latest FinTech news here.

Copyright © 2024 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research

Investors

The following investor(s) were tagged in this article.