Covata, founded in 2007, provides a versatile platform for data-centric security. The company aims to empower businesses, government entities, vendor partners, and service providers by seamlessly integrating robust security measures into their applications, products, and services. Covata's solution mitigates the risk of data breaches in untrusted networks and devices, instilling confidence in organizations to securely share data beyond their internal networks, be it with customers, partners, or through cloud and mobile technologies.
The company champions the concept of "own your data" by ensuring data is secured from the point of its creation and maintaining protection wherever it goes. Covata's platform allows organizations to safeguard sensitive information with encryption, manage it with fine-grained, persistent data rights, and monitor all access activity associated with the protected data.
For vendors, Covata provides a definitive answer by offering a flexible, services-based solution that integrates smoothly into existing workflows. This approach allows critical development resources to focus on delivering core applications or services without the burden of designing, developing, and deploying complex security functions.
The last investment in Covata amounted to $6.90M in post-IPO equity, which was made on 23 November 2015. The investors in this round were Asia Principal Capital and Foster Stockbroking.
Covata operates in the mobile industry, positioning itself as a key player in reshaping the landscape of data security and becoming an attractive prospect for venture capitalists seeking to invest in cutting-edge technologies with substantial market potential.
