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AXA Venture Partners invests in an end-to-end encryption solution for securing cloud-hosted data.

AXA Venture Partners (AVP) announces today it has participated with Idinvest, Kima Ventures and Allianz’s strategic fund (InnovAllianz) in a €6m round of financing for Tanker, the first “Encryption as a Service” platform for SaaS editors.

“Security is becoming a key element in businesses’ digitisation strategies and is now a fully integrated part of the applications used by every firm, from multinationals to start-ups and SMEs, rather than just the nth layer of additional infrastructure,” explains Guillaume Pontallier, co-founder of Tanker. “This capital increase confirms the growing need for a business that can offer SaaS developers a security standard that is simple to integrate, certified and therefore reassuring for their users,” he continues.

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