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- Calamu (Clinton), a data security company with a unique concept, raised $16.5 million in a Series A round.
- Insight Partners (New York) led the round with participation from existing seed investor Dell Technologies Capital (Palo Alto).
- The funds will be used to accelerate team expansion and further evolve the product platform.
- According to the company, the technology works by encrypting and fragmenting data at the source — whether it’s cloud applications or local file systems — and then scattering individually re-encrypted fragments across geographically dispersed storage locations.
- The redundant virtual storage environment is known as a “data harbor,” and it eliminates commonly exploited attack vectors because there are no complete data objects in any one place or with any one provider.
NJEDA Approves NJ Accelerate Startup Loans
- As part of the NJ Accelerate program, the NJEDA approved 10-year loans totalling almost $100,000 to two startups who had participated in approved out of state accelerators and then returned to set up shop in New Jersey.
- The two startups are Arke Aeronautics (Mt. Laurel) and envoyatHome (Gibbsboro),
- Arke provides situational intelligence for first responders.
- EnvoyatHome is a Digital Caregiving service that uses passive remote monitoring and sends actionable alerts to loved-one’s mobile phones.
- Both of the startups graduated from the Launch Lane accelerator, based in Philadelphia.
Eventdex Wins TechLaunch BullPen
- At the Feb. 9 TechLaunch BullPen pitch competition, three strong New Jersey startups competed for $15,000 in services and a chance to pitch to the Jumpstart New Jersey Angel Network and Tech Council Ventures (Summit).
- The startups were:
- Eventdex (Morganville), an event company that focuses on the seamless operation of hybrid events along with a B2B matchmaking platform.
- BettorFantasy (Stewartsville), a betting platform dedicated to combining the fast-growing worlds of fantasy sports and sports betting. The startup lets users bet on their own leagues’ match-ups and outcomes and as well as other popular fantasy team contests.
- Proximity Technology (Freehold), a specialist in authentication and automation solutions for public and private-sector organizations. The company focuses on automating everyday processes, especially for workforce, attendance and waste weight management by applying mobile and web-based technologies.