C
CipherLoc Corporation
Protecting The World’s Data
About CipherLoc Corporation
CipherLoc Corporation was a publicly traded data security firm that underwent a significant transformation, culminating in its acquisition by SideChannel Inc. Originally incorporated in 1953 and previously known as National Scientific Corporation, the company rebranded to CipherLoc Corporation in March 2015. For much of its later history, the company focused on developing advanced encryption technologies.
The core of CipherLoc's offering was a patented polymorphic encryption technology. This approach was designed to add a robust layer of protection to existing data security solutions. The technology worked by decomposing data files into multiple, independent segments. Each segment was then protected with a unique, one-time-use encryption key and a randomized selection of encryption algorithms, making it less susceptible to attacks that target monolithic blocks of data. The product suite included solutions for data in motion, such as 'CipherLoc EDGE' for mobile devices and 'CipherLoc ENTERPRISE' for desktops, as well as solutions for data at rest like 'CipherLoc SHIELD'. The company aimed to serve a variety of clients, including application developers, security service providers, and systems integrators in sectors like healthcare and finance.
A pivotal moment in the company's trajectory occurred on May 18, 2022, when it announced an agreement to acquire SideChannel Inc., a cybersecurity services company. This move was framed as a strategic combination of CipherLoc's software tools with SideChannel's team of cybersecurity and privacy professionals. The transaction was completed via a reverse merger on July 1, 2022, for approximately $8.4 million. Following the acquisition, CipherLoc Corporation was renamed SideChannel, Inc., and adopted the ticker symbol SDCH. Brian Haugli, the founder and CEO of SideChannel, was appointed CEO of the newly combined entity, signaling a new strategic direction focused on providing virtual Chief Information Security Officer (vCISO) services to the middle market.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2006
- Headquarters
- Worcester, United States
- Employees
- 3
- Open positions
- None listed
- Dealroom signal
- 24.3/100
- Industry
- Security
- Sub-industry
- Data protection
- Sector
- Cybersecurity
- Client focus
- b2b
- Investment activity
- 1 company, latest May 2022
- Capital deployed
- —
- Preferred round
- ACQUISITION
Knowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES C✓Equity / VC | Feb 2018 | $17M | $69M | Undisclosed | — |
| SEED✓Equity / VC | Aug 2016 | $710K | $2.8M | Undisclosed | — |
Growth signals
Latest recorded traffic for CipherLoc Corporation is 60 monthly website visits, down 88.2% over the last three months. CipherLoc Corporation's team grew 0% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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