CryptoMove, Inc.

CryptoMove, Inc. offers innovative data protection solutions that help businesses secure sensitive information through advanced data mobility technology, ensuring compliance and safeguarding against data breaches. CryptoMove, Inc. was founded in 2015 in Walnut Creek, US, as a data protection specialist.

The company has undergone a pivot in its strategy to focus on a secure data mobility platform, which allows organizations to control and protect data across various environments. The founder, Boris Burshteyn, has a history of entrepreneurial involvement in the tech sector. The company raised USD 6. 00 mn during its SERIES A funding led by Social Capital in December 2017, with investments from 408 Ventures, Draper Associates, Pathbreaker Ventures, and Red Dog Capital.

The total amount raised by the company amounts to USD 6. 00 mn, comprising three deals. CryptoMove specializes in providing advanced data protection solutions designed for businesses navigating the complexities of the digital landscape. Their core offering, a secure data mobility platform, enables organizations to safeguard sensitive information by dynamically encrypting and dispersing data across various environments.

This technology allows companies to maintain control over their data while meeting regulatory compliance, addressing concerns related to data breaches, ransomware, and unauthorized access. The platform has been adopted by clients in sectors such as finance, healthcare, and technology, emphasizing its applicability across industries that prioritize data security. CryptoMove’s services are available in key geographical markets, including North America and Europe, reflecting a broad client base that values robust data governance. CryptoMove generates revenue through a subscription-based model, where businesses pay for access to its data protection services.

Clients typically engage with the company through annual contracts that include tiered pricing based on the level of service and volume of data protected. This structure allows for scalable solutions tailored to the specific needs of various organizations, facilitating seamless integration into existing IT infrastructures. Flagship offerings include their data mobility platform, which is central to their value proposition, enabling CryptoMove to establish long-term partnerships with clients and ensuring ongoing support and service enhancements that align with evolving security needs. CryptoMove plans to utilize the USD 6.

00 mn raised in its SERIES A funding to enhance its product offerings and expand into new geographic markets. The company is focused on launching new features for its data mobility platform in the coming year and aims to enter additional regions in Europe and Asia by the end of 2019. The initiatives are designed to address the increasing demands for data security and compliance across various sectors, leveraging its recent funding to support these growth strategies.