Cyberprivacy startup Anonyome Labs raises $20.4M for secure messaging and payments
The Series B round included participation by existing investors Greg Clark, chief executive of Symantec Corp., and Crosspoint Ventures founder John Mumford, as well as new investors Hanna Ventures and Ariba co-founder Ken Eldred. The round also included a major investment from Todd Davis, founder and former chief executive of identity theft protection service LifeLock, who will also be joining Anonyome’s board of directors.
Founded in 2014, Anonyome offers two mobile apps aimed at helping users keep their personal information secure and private. The first app, SudoApp, uses end-to-end encryption to allow users to securely make calls and send texts or emails to anyone, even if the recipient does not have the app installed. Anonyome’s second product is SudoPay, a digital payment service that lets users make purchases online without having to enter their personal information on each site.
According to the company, the new funding will allow it to expand its SudoApp and SudoPay products, and it also plans on developing new Sudo products in the future.
“Our vision is a world liberated from bleak forecasts about the lack of safety on the Internet, excessive tracking and monitoring of your online activities, and invasive and ineffectual government legislation,” said Steve Shillingford, founder and chief executive of Anonyome Lab. “With over 1.2 million Sudos in use today, our users are deciding with whom, what, where, and how they share their information for much greater digital safety.”
Davis said he believes Sudo will help create new industry sectors. “We will soon look back in disbelief on a time where we used to give up all of our personal information – and let others profit from it – just to get access to the applications, services and social networks we wanted to use,” he said. Davis added that tools like Sudo are “bad news for big data miners, hackers and privacy violators – and great news for everyone else.”
End-to-end encryption has been growing in popularity as more and more users become concerned about whether their personal information could be at risk. Anonyome is not the only company to use encryption for messaging. For example, both Facebook Messenger and WhatsApp also offer encryption options for messages.
Photo: Visual Content Data Security via photopin (license)
Since you’re here …
Show your support for our mission with our one-click subscription to our YouTube channel (below). The more subscribers we have, the more YouTube will suggest relevant enterprise and emerging technology content to you. Thanks!
Support our mission: >>>>>> SUBSCRIBE NOW >>>>>> to our YouTube channel.
… We’d also like to tell you about our mission and how you can help us fulfill it. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content.