Following the investment, Dr. Luke Hakes, principal at Octopus, will join the Certivox board. Certivox will use the funding to expand its development team and bring to market the company’s breakthrough certificateless encryption as a service platform. The Certivox platform is built from the ground up to service the Web 2.0 and mobile worlds, and simplifies the securing of data in public and private cloud environments.

“We are excited by the continued support from two such well-regarded technology investors,” said Brian Spector, CEO at Certivox. “We know that all currently available security approaches have been found wanting with regard to scaling and simplicity required for doing real business in the cloud, and we believe the time is right for our breakthrough security technology.”

“The Certivox cloud-based service that provides for management and provisioning of identities, encryption keys and cryptographic protocols brings massive innovation, simplicity and scale to the cloud and enables all devices to communicate securely over the web,” said Dr. Hakes. “The Certivox platform eliminates concerns about compliance and control and enables customers to reap the benefits of the cloud. Through our investment and the continued hard work with the Certivox team, we hope to help people and companies secure their information in the cloud and create a company that transforms security software.”

“The need for security and encryption for the cloud is clearly a big market opportunity,” said Dr. Sandy McKinnon, Pentech Ventures partner and CertiVox board member. “Certivox’s encryption platform fundamentally addresses the vulnerability of storing the keys and the data together. The Certivox platform leapfrogs users’ data compliance concerns and simplifies everything about public and private cloud security. We see Certivox as a driving force to deliver confidence in a connected world by strengthening security today, for the next generation of smart devices and for all things internet and we hope to create a company that transforms security software.”