Encryption management startup Keyfactor raises $1B+ in funding

Keyfactor Inc., a provider of software tools that help enterprises encrypt their data, has raised more than $1 billion from investment firm Summit Partners.

The company announced the deal on Monday.

Keyfactor’s other institutional backers, which have invested more than $200 million in the company, are set to retain “significant” stakes.

A large company uses […]

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