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Based in San Francisco, California, Antimatter develops a cryptographic infrastructure platform that enables business-to-business software-as-a-service providers to implement advanced data security and privacy controls. The platform utilizes secure enclaves and advanced cryptography to simplify complex data security operations, allowing developers to deploy tenant-specific encryption, access controls, and data residency features without requiring specialized internal engineering expertise. Operating under an infrastructure-as-a-service business model, the enterprise data security company emerged from stealth mode in late 2022 after securing $12 million in Series A funding. This initial financing round was led by NEA, with additional participation from institutional investors like General Catalyst, alongside angel investments from the founders of Snowflake and Okta. Antimatter was founded in 2020 by Andrew Krioukov, Michael Andersen, and Beau Trincia, an executive team that previously built a workplace management startup acquired by Siemens.
Antimatter has raised $12.0M across 1 funding round.
Antimatter has raised $12.0M in total across 1 funding round.
Antimatter is a data security company that provides cryptographic infrastructure for B2B SaaS providers, enabling transparent encryption of customer data in transit, at rest, and during execution without requiring code changes.[1][2][3][4][5] It leverages secure enclaves in major clouds to guarantee data residency, isolation, governance, and privacy, solving critical compliance challenges for SaaS companies serving enterprise clients.[1][2][3] Founded in 2021 and headquartered in San Francisco, Antimatter raised a $12 million Series A in 2022 led by NEA, with participation from General Catalyst, UNION Labs, and founders of Snowflake, Okta, Dropbox, and others, demonstrating strong early momentum in a booming data privacy market.[1][2]
The product acts as a drop-in Kubernetes sidecar that integrates seamlessly, offering a unified decentralized data control plane for access control, logging, and provable security guarantees.[1][3][4] It targets SaaS developers facing demands from customers like Microsoft, BMW, and Salesforce, reducing engineering and sales friction while meeting regulatory needs amid exponential data growth in cloud environments.[1][2]
Antimatter was founded in 2021 by Andrew Krioukov (CEO), Michael Andersen (CTO), and Beau Trincia (VP of Design), all with roots in UC Berkeley's RISELab—Krioukov and Andersen hold PhDs in Computer Science.[1][2] Krioukov previously founded and led Comfy, a workplace management platform acquired by Siemens in 2018, where he and Trincia (a former IDEO design lead) grappled with securing enterprise customer data for clients like Microsoft, BMW, Salesforce, and SAP—a process that consumed massive engineering resources and derailed deals.[1][2][4]
The idea crystallized from these pain points: data residency, isolation, and governance demands that SaaS providers couldn't easily meet.[1][2] Partnering with cryptography expert Andersen, the team harnessed years of university R&D in applied cryptography, distributed authorization, and emerging secure enclave tech in clouds to build a comprehensive solution.[1][2][4] Early validation came swiftly with the $12M Series A on March 31, 2022, signaling pivotal traction.[1][2]
Antimatter rides the explosive growth of SaaS and cloud computing, where exponential user data volumes clash with stringent regulations like GDPR, CCPA, and sovereignty laws demanding residency and governance.[1][2] Its timing aligns perfectly with widespread secure enclave adoption in AWS, Azure, and GCP, enabling primitives that were impossible until recently.[2][4] Market forces favoring it include rising enterprise scrutiny on data breaches, multi-tenant isolation needs, and B2B SaaS pressure to win Fortune 500 deals without custom engineering—problems that previously "delayed or killed sales."[1][2]
By empowering SaaS providers to offer compliant, privacy-first services effortlessly, Antimatter influences the ecosystem as a foundational layer, much like early cloud security innovators, potentially accelerating secure app development and reducing vendor lock-in.[2][5]
Antimatter is poised for expansion as data privacy mandates intensify globally, with potential to capture share in the $10B+ cloud security market through its code-agnostic model and blue-chip backing.[2][5] Next steps likely include scaling enterprise wins, multi-cloud enhancements, and possibly Series B funding, building on 2022 momentum amid ongoing IPO speculation as of mid-2025.[6] Trends like AI-driven data explosion and zero-trust architectures will amplify demand, evolving its role from niche enabler to standard infrastructure—ultimately giving "everyone control over their own data no matter where it is," as its vision promises.[1] This positions Antimatter to redefine SaaS trust at cloud scale.
Antimatter has raised $12.0M in total across 1 funding round.
Antimatter's investors include Pete Sonsini, Somesh Surapureddi, Crosslink Capital, Eclipse Ventures, Forest Baskett, New Enterprise Associates, Renegade Partners, Trucks Venture Capital, General Catalyst, Union Labs.
Antimatter has raised $12.0M across 1 funding round. Most recently, it raised $12.0M Series A in March 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2022 | $12M Series A | Pete Sonsini | Somesh Surapureddi, Crosslink Capital, Eclipse Ventures, Forest Baskett, NEW Enterprise Associates, Renegade Partners, Trucks Venture Capital, General Catalyst, Union Labs | Announced |
