Calamu Raises $16.5Million Series A Round to Scale Next Gen Multi-Cloud Data Protection Platform For Ransomware Recovery
SaaS-based Calamu platform readies for accelerated growth, enabling the enterprise to recover data from a ransomware attack instantly and automatically
Calamu, the world’s first company to introduce virtual data harbors as a method for storing data with extreme protection and resilience, announced the closing of a USD $16.5M Series A financing round led by New York-based global venture capital and private equity firm Insight Partners, with participation from existing seed investor Dell Technologies Capital. The round will be used to accelerate team expansion and further evolve the product platform.
Keeping sensitive data out of enemy hands is a top priority for the enterprise given the constant threat of ransomware and increased pressure from regulators. Hackers continue to breach enterprise data systems whether the data is stored in the cloud or on-premises, and have found ways to bypass defensive tactics and cripple operations. Data protected with Calamu is useless to the hacker if stolen, and automatically self-heals if attacked by ransomware.
“With billions spent on cyber resilience, the frequency of cyber attacks continues to escalate,” says Paul Lewis, CEO at Calamu. “Instead of trying to prevent an attack, Calamu is capable of absorbing an attack without impacting the business.”
Calamu prevents attackers from getting anything of value, and allows authorized users and applications to continue accessing pristine data as if nothing happened. This provides the enterprise with a long sought-after balance of extreme protection and immediate data accessibility.
“Calamu’s ability to prevent the insidious consequences of a ransomware attack is desperately needed and is changing the game in our favor,” says Steve Ward, Managing Director at Insight Partners. “Their timely solution, unique product-market fit, and the proven success of their leadership team makes Calamu a guiding light in the cyber industry.” Steve Ward has joined Calamu’s board of directors.
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At its core, the patented Calamu technology works by encrypting and fragmenting data at the source – whether it’s cloud applications or local file systems – and then scattering individually re-encrypted fragments across geographically dispersed storage locations such as Amazon AWS, Microsoft Azure, and Google Cloud. The redundant virtual storage environment is known as a data harbor, which eliminates commonly exploited attack vectors because a complete data object doesn’t exist in any one place or provider. If a cyber breach is successful, Calamu automatically absorbs the incident and self-heals the environment – eliminating operational downtime and maintaining continuity of business operations.
“In addition to protecting data against cyber attacks such as ransomware, Calamu enables data to be stored with jurisdiction-independence,” says Lewis. “This intrinsically provides compliance with regulations such as GDPR and HIPAA, and opens the door for many businesses who wish to migrate to the cloud but are fearful of non-compliance.”
“Calamu’s concept of using data harbors is the first solution we have seen that can actively absorb an attack and self-heal an environment while maintaining continuity of business operations,” said Chris Hillock, Vice President, Dell Technologies Capital. “Given the relentless nature of cybercriminal activity and the traditional layered strategy for mitigation, this differentiated approach and customer benefit represents a significant market opportunity for Calamu to capture.”
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