LeakSignal, a provider of microservices cybersecurity solutions, announced that it has secured $1.6 million in an oversubscribed funding round. Shasta Ventures led the round, which also included TFX Capital, Blu Ventures, and Cyber Mentor Fund. Previous investors include Tokyo Black, Vela Partners, and other talented cybersecurity angels.
During a time when traditional security measures cannot protect modern architectures (examples: Microservices, Serverless, LLMs), LeakSignal is differentiated by safeguarding sensitive data at its most vulnerable stage when it is in transit.
Organizations are finding that point solutions for API security, DLP, and DSPM only cover a fraction of the problems faced by their rapidly expanding architectures as they transition to the next generation of AI-driven Application Development & Cloud Native platforms. Large enterprises often encounter high levels of false positives and limited visibility when identifying sensitive data moving through their production infrastructure within API, log, and database traffic. At the same time, more stringent regulatory requirements are now necessitating the classification of data in transit or data flows, as seen in the upcoming PCI 4.0 and NIST guidance. LeakSignal’s addresses these issues by providing protection against sensitive data leakage through real-time data classification.
This funding will accelerate LeakSignal’s growth and product development. And the company will be expanding its evangelism efforts to equip platform and security engineers with data in-transit capabilities that integrate into all modern architectures natively.
KEY QUOTES:
“Understanding the flow of sensitive data is now a requirement and top of mind for every organization. LeakSignal has pioneered the art of data-in-transit classification utilizing Rust and WebAssembly (WASM). Much like Fastly leverages Web Assembly at the Content Delivery Network (CDN) edge, LeakSignal uses WASM within service mesh environments to map data flows, block advanced threats and mitigate data leakage.”
-Bill Phelps, former Booz Allen Executive Vice President and Current Partner, Blu Venture Investors
“LeakSignal is at the forefront of addressing the critical challenges faced by businesses in securing their API and microservices ecosystems. As a fund that invests in early-stage technologies that make our nation more secure, we are impressed with the company’s team, technology, and market traction and are excited to support LeakSignal in their journey to set new standards in cybersecurity.”
-Brandon Shelton, Managing Partner TFX Capital
“LeakSignal’s recent work with two of the top ten largest banks in the US, as well as with a major international airline, shows that existing data protection solutions are not addressing the problems that large regulated enterprises face when it comes to observability and mitigation of data leakage.”
“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.”
–Wesley Hales, CEO & Co-Founder of LeakSignal
