Sagewind Capital LLC a New York, NY-based middle-market private equity firm, announced on June 27 that it has led the Series B financing of Code-X, Inc. a security software company that protects sensitive information and systems using its proprietary lattice-based technology.
Code-X has developed the first-ever commercially available lattice-based data protection platform that protects data, at rest and in motion, from the threat of quantum computing. The platform protects sensitive information across all IT environments while enabling authentication, management and monitoring data and systems in real time. Code-X’s platform is relied upon by the Unites States Department of Defense (“DoD”) and the intelligence community. The Series B funding will be used to support Code-X’s continued growth.
“We are excited to expand our partnership with Code-X, which has developed a proprietary solution that ensures organizations can protect their data and systems,” said Raj Kanodia, managing director of Sagewind. “Code-X is well-positioned to capitalize on the expansive cybersecurity opportunities in both the government and commercial sectors, and we look forward to supporting Darren LaCroix and the team as they execute on the next phase of their growth strategy.”
Darren LaCroix, chief executive officer and co-founder of Code-X, remarked, “The Sagewind team has an impressive track record of working constructively with management teams in government services and the corporate sector to help drive growth and deliver successful outcomes. We believe this enhanced partnership will better position us to execute on our strategic objectives.”
Source: Sagewind Capital
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