OSU-founded cybersecurity business DatAnchor has officially launched with an undisclosed sum from the multi-university-backed Ohio Innovation Fund, and Dundee Venture Capital.
DatAnchor, a US-based cybersecurity technology startup spun out of Ohio State University (OSU), made its official debut on Wednesday with a round of undisclosed size led by Ohio Innovation Fund.
Ohio Innovation Fund, the venture capital firm backed by OSU, Ohio University and Kent State University, was joined by VC firm Dundee Venture Capital while OSU’s tech transfer unit, Ohio State Innovation Foundation, has taken a stake in DatAnchor under its licensing agreement with the university.
DatAnchor raised $1m of a $1.3m equity round in November 2018 according to a regulatory filing, though the company has not confirmed whether it has met or exceeded that target.
Founded in 2018, DatAnchor has created cybersecurity software that embeds protective pieces of cryptographic code into a client’s data so that access can still be controlled after files have been moved.
The platform effectively allows DatAnchor to automate data governance…
