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DataLocker expands into Europe with $1.2million in funding
The investment will be made in two traunches, $600,000 now and $600,000 in January and will be invested in the development of second generation of the Data Locker, a portable encrypted hard drive that can be unlocked only through an integrated keypad.
Melber who started eSmartloan before selling it to Capital one in 2004, said "All three of us have experience in starting and building companies as well as in security. We plan to help DataLocker develop a new design that will be more appealing to consumers and businesses who may not have considered the need for highly secure data storage."
Jay Kim, president and founder of Data Locker comments, "With this funding we will be able to develop the Data Locker and enhance its technology to make it amongst the first Universal Serial Bus connections that is six or seven times faster than currently available"
Andy Cordial MD of Origin Storage comments "This investment and expertise will help DataLocker to further expand into the EMEA marketplace with a new version of the product as well as a European Headquarters. The expertise will be great in ensuring that we are providing our customers and potential customers with the type of secure portable storage they need"
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