Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Risk

11/19/2020
11:00 AM
Dark Reading
Dark Reading
Products and Releases
50%
50%

Unbound Tech Raises $20M in Series B Funding to Support Global Growth

Cryptographic security software provider will strengthen its global positioning following significant funding from Evolution Equity Partners.

Unbound Tech, the global leader in cryptographic key management and protection has raised $20M in Series B funding. Unbound’s next-gen key orchestration platform provides the cryptographic infrastructure to enable enterprises worldwide to easily secure and manage all their information and digital assets. The latest funding round is led by Evolution Equity Partners, joining existing investors Innovation Endeavors, Goldman Sachs, Citi and BlueRed Partners, to help further fuel its global growth.

Following the funding round, Unbound will focus on growing its business in the Enterprise sector. Enterprises worldwide can benefit from the agility and efficiency of Unbound’s software-based cloud-agnostic solution. To support this mission, the company plans to increase its headcount an additional 30% by the end of Q1 2021.

“The completion of this funding round marks a significant milestone as we enter our next growth phase,” says Prof. Yehuda Lindell, co-founder and CEO, Unbound Tech. “This funding will propel us on our mission to continue evolving cryptographic key management and protection solutions for enterprises around the world. We are delighted to welcome J.R. Smith to the board and look forward to having him guide us on our journey.”

Evolution Equity Partners is an international venture capital investor managed by investment and technology entrepreneurs that helps develop market leading cyber-security and enterprise software companies. As part of the funding deal, J.R. Smith, a partner at Evolution Equity Partners, will join Unbound’s board. Prior to joining Evolution, Smith was Chief Executive Officer of AVG Technologies where he was responsible for strategy and operations and led the company to a New York Stock Exchange IPO in 2012.

Smith added: “Unbound Tech has been a great success story so far, pioneering invaluable security and privacy solutions through innovative cryptographic methods. We are excited to help the company continue to scale globally. The demand for easy-to-manage security solutions is constantly growing and Unbound is well poised to become a global leader in this space.”

Unbound was founded by world-renowned cryptographers Professor Yehuda Lindell and Professor Nigel Smart, as well as Guy Peer who is the force behind Unbound’s research and development team.  Together, they pioneered the breakthrough technology that safeguards cryptographic keys for many of the world’s largest financial institutions today. Data protection, privacy, authentication and trust are all based on cryptographic keys. Unbound’s advanced technology ensures keys are never exposed throughout their lifecycle, in any environment such as public and private cloud, virtual environments, containers and on-premise. By providing software-based applications that use sophisticated applications of Secure Multi-Party Computation (MPC), Unbound provides an easy and cost-effective mathematical guarantee of security.

 

This latest investment brings the total amount of funding raised by Unbound to $40M.   

For more on the investment, please read Prof. Yehuda Lindell’s latest blog post, https://bit.ly/2UJKWJT.

 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Manchester United Suffers Cyberattack
Dark Reading Staff 11/23/2020
As 'Anywhere Work' Evolves, Security Will Be Key Challenge
Robert Lemos, Contributing Writer,  11/23/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win an Amazon Gift Card! Click Here
Latest Comment: This comment is waiting for review by our moderators.
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-29144
PUBLISHED: 2020-11-27
In Ericsson BSCS iX R18 Billing & Rating iX R18, MX is a web base module in BSCS iX that is vulnerable to stored XSS via an Alert Dashboard comment. In most test cases, session hijacking was also possible by utilizing the XSS vulnerability. This potentially allows for full account takeover, or e...
CVE-2020-29145
PUBLISHED: 2020-11-27
In Ericsson BSCS iX R18 Billing & Rating iX R18, ADMX is a web base module in BSCS iX that is vulnerable to stored XSS via the name or description field to a solutionUnitServlet?SuName=UserReferenceDataSU Access Rights Group. In most test cases, session hijacking was also possible by utilizing t...
CVE-2020-29136
PUBLISHED: 2020-11-27
In cPanel before 90.0.17, 2FA can be bypassed via a brute-force approach (SEC-575).
CVE-2020-29137
PUBLISHED: 2020-11-27
cPanel before 90.0.17 allows self-XSS via the WHM Transfer Tool interface (SEC-577).
CVE-2020-29135
PUBLISHED: 2020-11-27
cPanel before 90.0.17 has multiple instances of URL parameter injection (SEC-567).