Calamu, a cybersecurity startup that provides enterprises with next-generation resilience and near-impenetrable data protection, announced that Dell Technologies Capital has invested in the firm.
“Dell Technologies Capital brings a deep understanding of enterprise IT, and they recognize the urgent need to better safeguard data from ransomware and data breaches,” said Paul Lewis, Founder & CEO, Calamu. “We are excited to collaborate with Dell Technologies Capital as we protect the world from this surging threat.”
Cyber criminals continue to exploit several data protection measures, resulting in record-breaking ransom payments and lengthy periods of company disruption. Many recent high-profile ransomware attacks have used the “double extortion” ransomware strategy, in which data is stolen first before the local environment is encrypted, providing the attacker two points of leverage to demand payment. Calamu has developed an innovative product that protects sensitive data from ransomware assaults, including complex double-extortion ransomware. The multi-patented system removes the downtime, financial fines, and reputational harm that a ransomware attack or data breach can cause.
“Calamu has the potential to revolutionize how enterprise data is stored, managed, and secured,” said Raman Khanna, Managing Director, Dell Technologies Capital. “Their unique data protection technology brings a powerful solution to the ongoing fight against ransomware and other cybersecurity threats.”