Data security startup Induz raises funding round led by YourNest VC

Data security company Induz on Tuesday said it has raised $780k in its first venture capital funding round led by investor YourNest Venture Capital, which contributed $750k while the remaining $30,000 was deployed by accelerator SanchiConnect as part of the YourNest-SanchiConnect Velocity Program 2024.

Founded in 2023, Induz provides secure, encrypted data management within confidential computing environments, ensuring that neither cloud providers nor Induz itself can access customers’ data.