Local cybersecurity startup FHOOSH has raised $2 million in a venture round led by Miami-based investment group Volta Global.
FHOOSH, founded in 2012 in San Diego, is building an encryption platform that can scramble data up to 15 times faster than current technologies. The idea is to provide data security without compromising speed.
Founded by Eric Tobias and Linda Eigner, the company said it will use the cash to hire engineers and fund pilot projects to get its software to market.
"We are excited to partner with Linda and Eric, talented and experienced entrepreneurs who have designed a game changing software solution with immense potential," Jeff Evans, managing director of Volta Global, said in a statement. "Data has never been more valuable, and simultaneously as vulnerable, to an organization as it is today. FHOOSH has developed a novel, proprietary solution to enable enhanced safety, security, and speed, all at once."