Last deal

$60M

Amount

Series C

Stage

18.12.2020

Date

3

all rounds

$104.93M

Total amount

date founded

Financing round

General

About Company
Very Good Security is a fintech & data security enablement platform.

Industry

Sector :

Subsector :

Keywords :

Also Known As

VGS

founded date

01.01.2015

Number of employees

Company Type

For Profit

Last funding type

Series C

IPO status

Private

Description

VGS is a SaaS solution that enables users to collect, protect, and exchange sensitive data without the liability of securing it. Founded in 2015 by two engineers with a long history of payments and security-focused engineering, VGS specializes in products that can disrupt fin-tech and data-security domains. The company offers protection services for payments, medical records, communication, and secured forms, allowing businesses to store sensitive data without any liability or compliance concerns. VGS provides essential security and compliance infrastructure, enabling startups and enterprises to focus on their core business instead of compliance and regulatory overhead. With one single integration, VGS customers unlock the value of sensitive data without the cost and liability of securing it themselves, while also accelerating compliances like PCI, SOC 2 and more.
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Their latest funding was raised on 18.12.2020. Their latest investor Goldman Sachs Merchant Banking Division. Their latest round Series C

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David Campbell

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Mr. David Campbell serves as Managing Director at Goldman Sachs Asset Management. He serves as Managing Director of Enterprise Technology at Goldman Sachs Growth Equity. He serves as Board Member at MetricStream, ScienceLogic, and Very Good Security. He also serves as Director, Investments and Board Member at Secure Code Warrior. He served as Board Member at JSonar, Aware and Nasuni. He is a managing director in the Merchant Banking Division (MBD) of Goldman Sachs, focused on growth-stage technology companies. Before joining MBD, he held various roles within the Technology Division, including manager of systems infrastructure in Asia, manager of global storage, and manager of global infrastructure architecture and strategy. He joined Goldman Sachs in 1994 and was named technology fellow in 2002 and managing director in 2013. Before joining the firm, he worked on supercomputer research and development in Japan, and operating system and real-time system development in Australia. He holds a Bachelor of Engineering, Electrical and a Bachelor of Arts in Japanese Language from Queensland University, Australia. [Source: Public Company Filing]

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Marshall Jones
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Mahmoud Abdelkader
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Mahmoud and Marshall started Very Good Security to solve recurring data security and privacy challenges faced by organizations in regulated and/or compliant environments. Today's modern organizations face ever-changing data security challenges in an evolving landscape and require an adaptive approach to cyber security to augment security infrastructure investments. Mahmoud co-founded and served as the CTO of a a YCominbator W2011 company, Balanced Payments, a leading-edge developer friendly payments processor acquired in 2015. He is also an active angel investor, serves as an advisor to numerous FinTech startups, and is an avid fan of cryptography. Mahmoud holds a BSc in Computer Engineering from University of Maryland: College Park. A fun fact is that actually learned to code by reverse engineering Age of Empires and Warcraft III.

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Employee Profiles
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Ashuvinder Ahuja

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Head of Global Channels & Strategic Alliances

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Sales Team Lead

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Kenneth Geers

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David Clausen

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Activity

Recent News
1