Very Good Security

Provides data security and compliance solutions

San Francisco, California, United States

About Very Good Security

Very Good Security provides a security infrastructure that helps businesses protect sensitive data, such as credit card information and social security numbers, while allowing them to focus on developing their products. Their main offerings include the VGS Vault for secure data storage and a Tokenization API that replaces sensitive data with unique symbols, ensuring that no actual data is stored in the event of a breach. This approach helps clients avoid vendor lock-in, reduce transaction fees, and increase transaction volumes. VGS serves a wide range of clients, from small startups to large corporations, and offers scalable pricing that starts free and adjusts as a client's security needs grow. The goal of VGS is to simplify data security and compliance for developers, enabling them to create products without the burden of managing sensitive data.

San Francisco, CaliforniaHeadquarters
2015Year Founded
$100.7MTotal Funding
SERIES_CCompany Stage
Cybersecurity, Financial ServicesIndustries
201-500Employees

Benefits

Health Insurance
Unlimited Paid Time Off
Flexible Work Hours
Stock Options
401(k) Retirement Plan
401(k) Company Match
Life Insurance
Disability Insurance
Health Savings Account/Flexible Spending Account
Parental Leave
Phone/Internet Stipend
Home Office Stipend
Professional Development Budget

Risks

DOJ lawsuit against Visa may impact VGS's compliance requirements.
Geopolitical risks in Africa and the Middle East could affect VGS's operations.
Rapid growth may strain VGS's operational capabilities and security oversight.

Differentiation

VGS offers a unique tokenization API for secure data redaction and revelation.
Their scalable pricing model supports businesses from startups to large corporations.
VGS's partnership with Onafriq enhances security for fintechs in Africa and the Middle East.

Upsides

Growing demand for tokenization solutions boosts VGS's market potential.
Partnerships with major fintechs expand VGS's reach in emerging markets.
VGS's Payment Optimization suite reduces transaction fees and improves approval rates.

Funding

Total raised$100.68 M
Latest valuation$300.00 M
StageSERIES_C
SERIES A
7/31/2018
$8
$42.50 M