January 22, 2015 | A leading cloud data encryption company Vaultive announced that it raised $8 million in a recent financing round. The round was led .406 Ventures, New Science Ventures and Harmony Partners. According to the company, the funds will be used to fuel its growth and advance its cloud data encryption platform. In addition, Vaultive announced new additions to its executive team including naming Jonas Hellgren as President and CEO and David Kahan as CFO and General Counsel. Vaultive was founded in 2009 by Maayan Tal and Ben Matzkel and is headquartered in Boston, Massachusetts.