Immuta, a Maryland-based startup that works to help companies secure and access big data, has announced that it has raised $1.5 million in its seed funding round, according to lead investor Sequoia Apps. Blu Venture Investors LLC also led the round with additional angel investors in Washington DC and New York taking part.
Founded by former U.S. Intelligence community contractors, Immuta reportedly is committed to building a common “distributed data framework” that has the highest level of security for highly-sensitive data processing in order to facilitate and streamline management across the enterprise.
“We are thrilled to be supporting such a disruptive business for enterprise cloud usage,” T. Richard Stroupe, Jr. Sequoia Holdings, CEO, said in a press release.
“Organizations are spending billions of dollars to consolidate its data into massive data lakes for analytics and business intelligence without any true confidence applications will achieve a high degree of performance, availability and scalability. Immuta is focused on addressing these concerns while providing a means to simply and securely gain access to disparate enterprise data through its platform,” Stroupe, Jr. added.
Investors said the funding would be used to drive customer growth, brand awareness and continued improvements to its platform.