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§ Private Profile · San Francisco, CA, USA
Cybersecurity company offering active defense data protection using moving target defense for federal agencies and Fortune 100 companies.
Based in Oakland, California, CryptoMove develops an active defense data protection platform that continuously fragments, distributes, mutates, and re-encrypts sensitive cryptographic keys to secure them against advanced cyberattacks. The enterprise software company utilizes moving target defense technology initially pioneered alongside the Department of Homeland Security and the Department of Defense to protect critical infrastructure across public clouds, databases, and third-party vendors. CryptoMove has raised a total of $8.16 million in venture capital and government funding, scaling its core operations to a peak team of approximately 11 employees. This external financing includes a $6 million Series A funding round led by Social Capital, early seed backing from Draper Associates, and an $800,000 Phase 2 research contract awarded by the Air Force. The cybersecurity startup was officially founded in 2015 by co-founders Michael Burshteyn and Boris Burshteyn.
Cryptomove has raised $8.5M across 3 funding rounds.
Cryptomove has raised $8.5M in total across 3 funding rounds.
Cryptomove has raised $8.5M in total across 3 funding rounds.
Cryptomove's investors include Social Capital, Bessemer Venture Partners, Boston Seed Capital, Construct Capital, CRV, Flybridge Capital Partners, Highland Capital Partners, Norwest Venture Partners, One Way Ventures, Scribble Ventures, Tribe Capital, David Chang.
Cryptomove has raised $8.5M across 3 funding rounds. Most recently, it raised $6.0M Series A in January 2018.
CryptoMove is a cybersecurity company founded in 2015 that builds a patented moving target defense (MTD) platform for data protection, acting as a next-generation software datavault and secrets management tool.[1][2][3][4] It serves B2B clients including Fortune 500 firms in finance, insurance, technology, healthcare, entertainment, and federal agencies like the Department of Homeland Security (DHS), Air Force (via AFWERX), and NIST, protecting sensitive data such as API keys, private keys, passwords, and files across hybrid cloud, IoT, edge devices, Kubernetes, blockchain, databases, and even drones or autonomous vehicles.[1][2][3][4] The platform solves critical problems like ransomware, side-channel attacks, data exfiltration, insider threats, and future quantum computing risks by fragmenting, encrypting, continuously moving, replicating, and distributing data in a peer-to-peer manner—no complete copy exists on any single machine—making it nearly impossible for attackers to locate, steal, or destroy data.[1][2][3] CryptoMove has raised $8-8.16M from investors like Draper Associates and Social Capital, achieved revenue generation, and participated in U.S. government programs, though its Mosaic Score recently declined to -47 points.[1][4]
CryptoMove was founded in 2015 in Oakland, California, by Michael Burshteyn, a security expert, alongside an all-star team featuring multiple PhDs, distributed systems specialists, and veterans experienced in scaling startups to $100M+ ARR.[1][4][5] The idea emerged from recognizing limitations in traditional encryption-based security amid rising threats in multi-cloud, IoT, and decentralized environments; instead of static protection, the founders pioneered MTD to dynamically "move" data, drawing from globally patented principles of entropy and randomness rebuilt from the programming language level.[2][3][4] Early traction included TechCrunch coverage in 2017 for its data fragmentation approach, participation in Startup Battlefield at Disrupt SF, SBIR Phase I/II awards from the U.S. Air Force in 2019 for USAF cloud and hybrid infrastructure needs, and validations from DHS's Silicon Valley Innovation Program and NIST's Global Smart Cities Challenge.[2][3][5]
CryptoMove rides the exploding demand for zero-trust data security in an era of hybrid/multi-cloud adoption, IoT proliferation (e.g., drones, edge devices), and blockchain/DeFi growth, where traditional encryption fails against advanced persistent threats, quantum risks, and supply-chain attacks.[1][2][3] Timing is ideal as regulations like GDPR and rising ransomware (e.g., targeting backups/vendors) push enterprises toward proactive defenses, while DevOps shifts to automated, API-driven tools amplify needs for seamless secrets management.[2][3] Market forces favoring CryptoMove include the $100B+ cybersecurity spend, government innovation programs accelerating MTD adoption, and its influence on ecosystems via open APIs, integrations (Slack, GitHub), and contributions to standards bodies like NIST—positioning it to redefine data-at-rest protection for critical infrastructure.[2][3][4]
CryptoMove is poised to expand as the premier MTD-powered secrets platform, scaling go-to-market and dev teams while prioritizing integrations for Kubernetes, blockchain, databases, Slack, GitHub, and DevOps stacks to capture more Fortune 100 and federal market share.[2] Trends like quantum threats, AI-driven attacks, and edge/IoT surges will propel its decentralized model, potentially evolving influence through open-platform APIs and new categories in autonomous systems security. With its patented edge and government validations, CryptoMove stands out as a transformative force in data protection, securing the "crown jewels" that power modern tech infrastructure.[2][4]