The additional funding will help fuel the company's sales and marketing initiatives. Authentica has already garnered strong interest from various market sectors including healthcare, government, manufacturing, publishing and financial. PageVault is the first security product that controls access to encryption keys for documents, rather than access to the documents themselves. Most start-ups look for funding to build a product. PageVault is already in demand by companies that need to protect sensitive digital information.
Information security is a very important issue for companies.
We are confident that Authentica will play an integral role in helping companies safeguard their sensitive digital information. Authentica is perfectly positioned to take a leading role in protecting sensitive digital information in the new millennium. We believe that the market for secure electronic documents is going to explode, and we are thrilled that Authentica has chosen us as a partner. Over the past 34 years Greylock has provided equity capital and support to more than 250 developing companies, many of which have gone on to become leaders in their respective industries. Venture Partners North Bridge Venture Partners is an active, early-stage venture capital fund based in the Boston area.