About Encryptx
Encryptx is a Technology company based in Louisville (United States) founded in 1999, and was acquired by Imation in March 2011. Encryption and security solutions for removable storage devices are offered. Encryptx has raised $2.8 million across 1 funding round from investors including Imation and Advantage Capital. The company was acqui-hired. Its focus areas include Enterprise Infrastructure, Cybersecurity, Data Security and Encryption. Its competitors include Dropbox, PGP Corporation and PKWARE; 2 of its 3 listed competitors have raised funding.
Company details
Encryptx provides encryption based data security solution for removable devices and removable media. Products included encryption, device management and control, and digital rights management solutions that protect removable drives, flash drives, CD, DVDs and PC data. Main customers included IBM, General Dynamics, Sony, Boeing, KPMG, Science Applications International and US DoD. Previously bought out by BeCompliant in 2007 and finally acquired by Imitation.
- Headquarters Louisville, United States
- Stage Acquired
- SectorsTechnology
- Website encryptx.com
- Social LinkedIn
- Acquired by Imation (Mar 2011)
Funding Insights of Encryptx
Encryptx has successfully raised a total of $2.8M through 1 strategic funding round. The most recent funding activity was a Series A round of $2.8 million completed in May 2005. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2.8M
- Total Rounds 1
- Last Round Series A — $2.8M
- First Round $2.8M
(May 2005)
- Investors Count 1
All 1 funding rounds of Encryptx with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2005 | $2.8M | Series A | – | – |
2 investors in total: 2 institutional.
Investors in Encryptx
Encryptx has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Imation and Advantage Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investment firm | advantagecap.com | New Orleans, United States | ||
Data storage products are supplied for backup and archiving purposes. | 1996 | imation.com | Seoul, South Korea |
Investor details for Encryptx
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Timeline of Encryptx
3 dated milestones of Encryptx across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Encryptx is founded.
- Funding First funding round of $2.8M.
- Exit Acquired by Imation.
Competitors of Encryptx
Encryptx has 3 listed competitors in our database, 2 of them funded. They include Dropbox, PGP Corporation and PKWARE.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dropbox.com | 2007 | San Francisco, United States | $607.2M | 2,316 | Cloud-based file sharing and collaboration tools are offered for enterprises. | |
| pgp.com | 1996 | Menlo Park, United States | $27.53M | Email and data encryption software is provided for enterprise protection. | ||
| pkware.com | 1986 | Milwaukee, United States | 120 | Cross-platform encryption, key management, and compression software is developed. |
Detailed competitors of Encryptx
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Web traffic of Encryptx
Websites that share an audience with Encryptx (encryptx.com).
Websites whose visitors overlap most with Encryptx. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| rohos.com | 100% | #786,560 | View details | ||
safehousesoftware.com | safehousesoftware.com | 99% | – | ||
magic2003.net | magic2003.net | 64% | – | ||
| cypherix.com | 61% | #5,071,600 | View details | ||
dogoodsoft.com | dogoodsoft.com | 61% | #10,366,424 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for Encryptx
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- 6 similar websites
- Audience overlap
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- Traffic by brand
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Top companies in Enterprise Collaboration & Video Tools
3 companies that operate in the same segment as Encryptx (Enterprise Collaboration & Video Tools) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based team communication and collaboration platform is provided. | 2009 | San Francisco, California, United States | USD 1.22 B | 2,555 | ||
Collaborative platform for design prototyping and feedback is provided. | 2012 | San Francisco, California, United States | USD 748.62 M | 2,877 | ||
AI-based platform for secure collaboration and content management is utilized. | 2005 | Redwood City, California, United States | USD 692.63 M | USD 1.18 B | 4,447 |
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Related news about Encryptx
Complete news archive for Encryptx
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Frequently Asked Questions about Encryptx
Encryptx was founded in 1999 and raised its 1st funding round 6 years after it was founded.
Encryptx is headquartered in Louisville, United States. It is registered at Louisville, Kentucky, United States.
Encryptx is a funded company, having raised a total of $2.8M across 1 funding round to date. The company's 1st funding round was a Series A of $2.8M, raised on May 2005.
Encryptx provides encryption based data security solution for removable devices and removable media. Products included encryption, device management and control, and digital rights management solutions that protect removable drives, flash drives, CD, DVDs and PC data. Main customers included IBM, General Dynamics, Sony, Boeing, KPMG, Science Applications International and US DoD. Previously bought out by BeCompliant in 2007 and finally acquired by Imitation.
Encryptx's top competitors include Dropbox, PKWARE and PGP Corporation.
Encryptx has 2 investors. Key investors include Imation, and Advantage Capital.
Yes. Encryptx was acquired by Imation in March 2011.