Cy4Data Labs, a cybersecurity firm specialising in next-generation data protection, has secured $10m in a first funding round aimed at redefining how data is secured—even while in use.
The funding round was led by Pelion Venture Partners, a prominent technology venture capital firm. The investment will be used to accelerate Cy4Data Labs’ expansion in sales and marketing, as it pushes to bring its technology to a wider customer base.
The company offers a novel approach to data protection by keeping information encrypted at all times—not only at rest and in transit, but uniquely while it is in active use. This eliminates exposure risks, thwarts insider threats, and ensures that even stolen data remains unusable. Cy4Data Labs’ solution integrates easily into existing IT systems without sacrificing performance or accessibility.
With the newly raised funds, Cy4Data Labs intends to enhance its go-to-market strategy and rapidly scale its customer reach. The company already counts Fortune 100 clients and is generating revenue with production-ready products. The funding aims to further accelerate adoption as the cyber threat landscape evolves with AI, quantum computing, and cyber warfare.
The company claims to be one of the first to offer protection for data in use across any database or SaaS platform, establishing a new benchmark in cybersecurity standards. Cy4Data Labs plans to showcase its technology at the RSA Conference 2025, inviting organisations to test its capabilities.
Cy4Data Labs CEO and co-founder Lance Smith said, “We’re not just protecting data—we’re changing the rules of how it can be used securely. We already have revenue, Fortune 100 customers, and products in production. This funding allows us to accelerate our go-to-market efforts and get our technology into the hands of organizations that desperately need it—especially as AI, cyber warfare, and quantum computing reshape the threat landscape.”
Pelion Venture Partners managing partner Blake Modersitzki said, “We believe Cy4Data Labs is solving one of the most urgent problems in cybersecurity. Their team has developed a truly novel approach that doesn’t force a trade-off between performance and protection. That kind of innovation is rare, and it’s why we’re excited to lead this investment.”
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