A Message From CEO and Co-founder Ameesh Divatia on Baffle’s Series B Funding
By Harold Byun, VP Products | August 16, 2021
Since Baffle’s inception in 2015, we’ve strived to look at data protection through a unique lens. That idea is simple: Assume that breaches will happen and ensure unprotected data is never available to an attacker. And as businesses have raced to the cloud over the last 18 months, we’ve seen a rise in data breaches of cloud databases, data lakes and data warehouses. Cloud service providers do not want to see their clients’ data, and that is precisely what Baffle enables data owners to accomplish — keeping control of their most valuable non-human assets: data.
So it is with great pride and appreciation that we announce Baffle’s $20 million Series B funding today, led by new investor Celesta Capital, with contributions from National Grid Partners, Lytical Ventures and Nepenthe Capital, and follow-on investments from True Ventures, Greenspring Associates, Clearvision Ventures, Thomvest Ventures, Engineering Capital and Triphammer Ventures.
With this fundraising, we’re scaling up our product development and go-to-market engine to further position us to meet accelerating market demand for data-centric cloud data protection and digital information sharing across businesses and applications. This investment in expansion of our resources will help build on the tremendous momentum Baffle has gained recently, including:
● Tripling revenues in 12 months
● Surpassing 100 billion records protected across multiple industries, such as financial services, healthcare, retail, industrial IoT and government, including the five top global financial services companies in production and five top 25 global companies.
● Supporting all major cloud platforms, including Amazon Web Services, Microsoft Azure, Google Cloud Platform and IBM Cloud; leading SaaS providers, including Snowflake and Amazon Redshift; and other analytics environments
In addition to acknowledging our customers and investment partners, I’d like to offer special recognition to my team and their tireless dedication to Baffle’s business and mission — they are the reason we are making this announcement today. While we’ve made tremendous strides, there’s still more to do, and many unique opportunities that only our data-centric security solution can address. The next chapter to Baffle’s future is about to be written, and it will be exciting.