SEED Capital keeps pumping out investments, this time into an interesting Danish cloud security startup, Sepoir. The company has come around in good timing as more and more corporations move their IT systems to cloud suppliers, but face risk of unauthorized access from corporate espionage, and popular cloud supplier monitoring by the NSA as detailed in the Snowden leaks. The exact size was not disclosed, but the round was joined by DTU Symbion Innovatoin, a Danish government funded incubator.
“A number of companies have tried to solve the [cloud security] problem using encryption technology to encrypt data before they reach the cloud supplier, yet the existing solutions for encryption of data in the cloud are just not good enough,” says Jakob Pagter, CTO at Sepior. Sepoir's solution is completely cloud based.