Vera is an enterprise data security and information rights management platform that provides encryption and tracks and controls digital information shared across users, devices, applications, and platforms. Vera gives developers access to its IRM-as-a-service (IRMaaS) platform via a REST API and downloadable software development kit.
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History
Vera was founded in 2014, by Ajay Arora, CEO, and Prakash Linga, CTO. Prior to founding Vera, Ajay and Prakash were the co-founders of RAPsphere, a mobile security company that was acquired by AppSense in 2012.
Vera launched its product in April 2015. Within the first year of operations, Vera announced partnerships with Dropbox], Okta, and Centrify, as well as strategic integrations with Box, VMware, and Microsoft Office. Vera focuses its sales and marketing efforts on large enterprises in industries such as financial services, media & entertainment, manufacturing, and technology sectors.
Awards
Vera was nominated as a top 10 finalist for the Innovation Sandbox competition at RSA Conference 2016, and CRN Magazine named Vera one of the "10 Coolest Security Startups of 2015".
Funding
Vera is a privately funded company with $31 million in venture financing. The company announced a $14 million Series A round in November 2014, which included the hiring of Robin Daniels as CMO. In February 2016, Vera announced a $17 million Series B round, led by Sutter Hill Ventures, with participation from existing investors, Battery Ventures, Amplify Partners, and other private investors. In May 2016, Capital One Growth Ventures joined the company’s Series B round of financing and founding CEO of Veritas Software, Mark Leslie, joined Vera’s board of directors. Roger Lee (Battery Ventures) and Stefan Dyckerhoff (Sutter Hill Ventures) also serve on the company’s board.
Overview
Through its content and storage-agnostic platform, Vera is capable of securing any type of digital content, anywhere it’s stored. Vera does not require end users to download proprietary agents or plug-ins to access secure data and offers native, integrations to common file sharing and enterprise platforms like Office 365, Box, Dropbox, and Okta.
Product architecture
In March 2016, Vera announced its SDK, which allows developers to add encryption, tracking, policy enforcement, and access control to custom and legacy business applications.