Data security tool developer StrongAuth will use part of the investment to build its US east coast presence in North Carolina.

StrongAuth, a US-based developer of technology for the management of security and encryption keys, has received $10m in funding from software and IT services provider Systena, WralTechWire has reported.

Founded in 2001, StrongAuth offers cybersecurity tools covering data encryption, tokenisation and symmetric key management.

The company’s flagship software, KeyAppliance, can encrypt cloud-hosted files and includes the ability to digitally sign for documents. It has signed up to the Fido Alliance, an industry consortium that intends to increase interoperability between security…