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Sotero s President and Co-Founder, Purandar Das Joins Forbes Tech Council
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MomentRanks Raises $1 7M in Seed Funding
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Alyce, an AI-based personalised corporate gifting startup, raises $30M
Swag has a long and patchy history in the world of business. For every hip pair of plaid socks, there are five t-shirts you may never wear, an itchy scarf, a notepad your kids might use, and an ugly mug; and most of all, likely thousands of dollars and lots of time invested to make those presents a reality. Now, a startup that has built a service to rethink the concept behind corporate gifts and make them more effective is today announcing a round of funding to continue expanding its business and one sign that it may be on to something is its progress so far.
Sotero’s Strong Market Momentum Continues with Revenue Growth, Partnership Expansion, Products Enhancements, Team and Board Member Additions and Seed Funding
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Sotero
“Our customers can confidently use, share, and store their data without worry that data will be leaked or compromised Purandar Das, CEO & Co-Founder of Sotero BURLINGTON , Mass. (PRWEB) March 09, 2021 Sotero, the leading innovator in comprehensive data protection with an emphasis on data usability, today announced that it has continued momentum across all aspects of its business. It’s accelerated growth began with securing $5 million for its Data Security as a Service Platform backed by Gutbrain Ventures, Boston Seed Capital and PBJ Capital, and the launch of Sotero Opaque, the first field-level data protection solution encrypting data in use, data at rest, and data in motion across all data stores.
Indico, a Boston, MA-based provider of enterprise AI solutions for intelligent process automation, raised $22m in series B funding.
The round, which brought total capital raised to date to $36m, was co-led by Jump Capital and Sandbox Ventures with participation from .406 Ventures, Osage Venture Partners, Hyperplane Venture Capital, and Boston Seed Capital as well as a new investment from Nationwide’s venture capital arm. With the Series B financing, Indico added two new board members, Chris Zock from Sandbox Ventures and Saurabh Sharma from Jump Capital to provide industry knowledge and guidance.
The company intends to use the funds to continue to expand operations and its business reach. As part of its continued investments in the product and technology, the company plans to double headcount in 2021, including new leadership hires in sales, partnerships, marketing, finance and solution engineering and expand its channel relationships and integration partnerships to further b
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