Document security startup Veradocs raises $14M in preparation for 2015 launch

Still in stealth, secure document software company Veradocs has raised $14 million since its founding in January and is launching a private beta of its product, the company announced today.

Though there are many companies that help corporate consumers send protected documents, few are platformless. Veradocs is geared towards users that already have accounts with Dropbox, Box, Google Drive, and One Drive but need a way to maintain privacy control of those documents.

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Veradocs is a downloadable application that allows users to add a layer of privacy to any document, whether made in Microsoft Word, Google Docs, or any other document extension. It also protects images and emails. Users can specify whether a sent document can be forwarded and can dictate the level of access a recipient has to that document. Senders can also revoke access to a recipient after a document has been sent and protect against screen captures.

“We’ve created technology to protect those documents, no matter where they are across cloud services,” said Veradocs chief marketing officer Robin Daniels in an interview.

There are of course others in this space. The WatchDox enterprise solution for secure file sharing, for example, sounds strikingly similar to Veradocs. So when Veradocs officially launches next year, it will have some competition to contend with.

Of its total raise, $4 million was raised in April. The company closed on the remaining $10 million in late October of this year, with Battery Ventures leading the round. Amplify Partners and industry-leading angel investors, including Mike Kail, CIO of Yahoo, also participated in the round.