Antimatter, a startup that focuses on data security for SaaS applications, this week emerged from stealth mode with $12 million in Series A funding from NEA, with additional investment from General Catalyst, UNION Labs, and several angel investors.
Founded in 2020, the Oakland, Calif.-based company provides a cryptographic infrastructure solution that aims to address data security by ensuring that only customer-approved individuals can access the data, even in the event of compromise.
The solution, Antimatter says, enables B2B SaaS companies to guarantee the security of customer data, while also helping them meet privacy requirements, all without having to make changes to their infrastructure code.
Offering support for all major cloud providers, Antimatter claims it can secure enclaves, transparently encrypting data at rest, in transit, and even during execution.
The company plans to use the new investment to expand its engineering team to continue the development of its full-scale infrastructure solution.
“Our vision is to give people and companies control over their data no matter where it is in any application, and we are making that happen by building the next primitives of identity, trust, and privacy for the future internet,” Michael Andersen, Antimatter co-founder and CTO, said.