Rod Adkins Joins Board of Directors, With New Capital Poised to Accelerate New R&D and Enhance Marketing for Rapidly Growing Demand
NVISIONx, the first data risk intelligence (DRI) platform that fuses business data analytics with cyber intel to optimize data protection controls, today announces the close of its $4.6 million seed funding round led by Companyon Ventures, with participation from Morgan Stanley Next Level Fund, SixThirty Ventures, Gaingels, Gutbrain Ventures, PBJ Capital, and CreativeCo Capital. This influx in capital will fuel NVISIONx’s growth, aimed at enhancing market presence, building out the executive team and further developing the company’s next wave in technology development. This seed round of funding comes on the heels of remarkable growth for NVISIONx in 2021, with clients such as Facebook and Platform Science leveraging the platform to protect their most critical asset – their data.
“The recent cyberattacks confirm the bad guys are still winning the cyber wars. More controls won’t fix this. Companies have lost control of their data and our Nx Platform uniquely empowers businesses to control their data and not the data controlling them,” says Glen Day, Founding CEO. “We’re elated to help some of the most notable brands in the world finally address the root cause of these breaches.”
NVISIONx is also honored to welcome new board member Rod Adkins. Rod is a former Senior Vice President at IBM and currently Chairman of Avnet. He also serves as a board member at PayPal, UPS and Grainger. “I’ve come across a number of emerging companies attempting to address how best to protect data. NVISIONx is on to something innovative for proactively gaining control of their data assets,” said Adkins. “This is a systemic problem that challenges every company in every industry and I’m looking forward to working with Glen and the NVISIONx team to help more companies better protect what matters most.”
“NVISIONx’s differentiated approach in classifying and protecting critical enterprise data is unlike anything we’ve seen in the market,” said Tom Lazay, Co-Founder and General Partner at Companyon Ventures. “We believe in their solution because it’s one of the few cybersecurity solutions out there that delivers on the promise of proactive and automated data security and continuous compliance monitoring for the CISO and CIO/CDO while bringing positive financial ROI to the CFO and COO. Its intuitive interface enables data owners to be their own data analysts, while also facilitating better decision-making between business and cyber teams.”
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