ALTR Raises $15 Million to Broaden Data Security as a Service

The pandemic is creating that market opportunity, given all of the security concerns raised by consumers accessing banking and other sensitive data over the internet, Sikora said.

ALTR raised $15 million to broaden its business of providing DSaaS in the era of cloud technology. The Austin, Texas-based company has created a data security solution that lets organizations monitor, access, and store critical information. “We’ve made tons of progress,” said CEO David Sikora, in an interview with VentureBeat. “We’ve got great customer traction. We’re in a great spot, with some fresh capital, some highly differentiated technology, and an expanding market opportunity.” Altr now has customers in diversified sectors, broadened sales and business development efforts, and an expanding patent portfolio. Altr will use the capital infusion to firmly position its data-security-as-a-service (DSaaS) solution, and it will embark on a growth strategy that embraces the broader market opportunity represented by trends around cloud security and development.