Leading Cybersecurity Company ShelterZoom Surpasses $22 Million In Funding As Demand For Cyber Solutions Surges Across Industries
*NEW YORK, NY / ACCESSWIRE / April 10, 2024 /* ShelterZoom announced today its latest funding round, bringing the company's total capital raise to an excess of $22 million to date. This comes on the heels of the company's continuous technology breakthroughs in cybersecurity, as is showcased by the securing of master distribution agreements with TD SYNNEX (one of the world's largest global IT distributors) and one of Japan's leading technology distributors. The company is also launching infrastructure for each geographic region to host their data locally in direct response to the huge demand ShelterZoom has seen for its products from organizations in countries who need solutions outside of US territories.
"The enthusiasm we saw for this funding round shows the widespread need for easy-to-implement solutions which solve one of today's largest threats," said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. "Each week I speak with organizations across a wide variety of verticals. All of them have stories of cyberattacks or attempts of cyberattacks on their company that span the gamut in terms of how hackers use any means available to breach security barriers. No company should be complacent about the reality we are now living in."
The number of cyberattack victims doubled from 2022 to 2023 and data breaches increased by 20% in the same time frame. Some regions, such as the Middle East, saw a 77% increase in ransomware attacks. Nowhere is this cybervulnerability more evident than the healthcare industry, which recently suffered the attack on Change Healthcare-one of the most widespread and devastating hacks in health care to date. The influx of AI-driven technology has led the UK Intelligence agencies to predict an even greater increase in cyberattacks this year.
"The demand for our products in Europe and other regions is just as high outside the US as within, so we're happy to announce we can now accommodate these organizations' infrastructure needs and help them scale their cybersecurity protections without requiring any additional financial outlay. Our solution is the simplest andmost powerful, yet affordable way for these companies to bring their workflow up to today's digital security standards," continued Cheng-Shorland.
ShelterZoom's proprietary technology is one of the few solutions already on the market which provides a way to prevent cyberattacks while also incorporating key productivity features such as unlimited eSignatures and organizational tools. Built on their Document Token® technology, the email native extension, Document GPS, protects digital content organically while reducing the threat surface for an attack. Already in use across dozens of verticals, the platform is applicable to nearly every industry and organizations of any size.
ShelterZoom is deploying the latest funding to expand development of their healthcare solutions, with a focus on their groundbreaking cyber resilience and business continuity innovation, and additional expansion of Document GPS, including the upcoming public launch of a joint partnership with one of the largest organizations in the world.
*ABOUT SHELTERZOOM*
ShelterZoom is a pioneering cybersecurity, digital content ownership/control and business continuity SaaS company recognized as a market leader by Gartner in both 2022 and 2023. Unlike other solutions on the market, ShelterZoom's patented Single Source Of Truth® technology introduced an entirely new way to address cybersecurity at its root cause, by building an organic protection layer inside content (through tokenization). This allows content and documents to defend themselves from the inside out against cyber threats. ShelterZoom's next-generation suite of solutions have been fully integrated with Microsoft Outlook and Gmail to stop email attachment vulnerabilities causing data breaches and wire fraud as well as provide business continuity for healthcare during ransomware attacks and other cyber attacks, ensuring EMR downtime is not an issue.
The multiple award-winning Web3 SaaS company was founded in 2017 and serves enterprises of all sizes and industries, including healthcare, financial, government agencies, law firms, non-profits, academia, and real estate.
Links to data sources:
https://hbr.org/2024/02/why-data-breaches-spiked-in-2023
https://www.wsj.com/articles/change-healthcare-hack-what-you-need-to-know-45efc28c
https://www.reuters.com/technology/cybersecurity/ai-rise-will-lead-increase-cyberattacks-gchq-warns-2024-01-24/
Contact:
Junard Pimienta
junard.pimienta@shelterzoom.com
*SOURCE:* ShelterZoom Corp.
View the original press release on accesswire.com