The £700,000 Pre-Seed investment round for cybersecurity firm Klarytee has closed. Funding is backed by early-stage venture capital firm Concept Ventures. One of the deal’s well-known angel investors is Michael Coates, a former CISO of Twitter; Evelyn Bourke was Bupa’s former group CEO; the creators of Digital Shadows, a cyber security firm; Former Accenture managing director Brad Cable and The Tor Project board member Desigan Chinniah.
Using a SaaS-based technology called Klarytee, critical content may be made secure, giving large businesses visibility and granular control over the data’s whereabouts.
Dr Nithin Thomas, founder and CEO of Klarytee, says, “Data has become the most valuable asset a company owns, but evolving workplace habits that require greater collaboration and sharing of data are putting enormous pressures on enterprise security. Imagine being able to receive your banking password via WhatsApp or X without having to worry about compliance or security issues. Klarytee is transforming enterprise security architecture by helping teams be more productive across the platforms they use daily while embracing the latest technologies from AI to cloud.”
Michael Coates, former CISO of Twitter, says, “Klarytee is an essential tool in a CISO’s armoury as organisations move to a more data-centric security model that focuses on protecting their data over infrastructure beyond the enterprise boundaries.
Klarytee’s vision to simplify and consolidate the enterprise security stack by focusing on data instead of infrastructure is incredibly powerful.”
To prevent sensitive data from being exposed to unauthorised access, including cloud AI platforms like ChatGPT, the local Large Language Model (LLM) embedded into Klarytee performs security by default and searches for compromised information.