Monday, January 10, 2011

CipherOptics Raises Additional $21M in Funding

CipherOptics, a Raleigh-based security and encryption company, recently raised $21 million in capital to finalize its most recent round of funding from 24 investors. In total, CipherOptics has raised roughly $41M in venture funding.

CipherOptics offers both scalable security solutions for high performance networks and data protection. The company plans to use the additional funding to adapt their encryption technology for cloud computing.

Currently, CipherOptics has approximately 50 employees and will likely continue to expand with the inflow of funds.

Read the full TBJ article here:

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