Magma Partners Invests in Cybersecurity Startup Kriptos

Kriptos is a cybersecurity startup that uses artificial intelligence to automatically analyze, classify, and label company documents to prevent data loss and protect crucial information.

Kriptos helps businesses save money by providing improved cybersecurity by identifying and protecting classified documents, and also teaches employees how to handle documents safely.

The company was founded in 2018 by Ecuadorian cousins Christian Torres and Alfonso Villalba and has rapidly spread from Ecuador to Chile, Colombia, Mexico and Peru within its first year of operations. 

Magma Partners invested in Kriptos in the pre-seed round with 3 other investors including Techstars and Kruger Corporation.

Kriptos previously participated in the Techstars Barclay’s Accelerator Program in Tel Aviv, Israel, and in Start-Up Chile, and was selected by India’s Future Tech Festival as one of the 10 fastest-growing startups in the world in 2018. Kriptos currently works with over 58 companies in 5 countries.