Anonos, a US-based provider of data protection software, announced that it has raised $50 million in growth financing backed by its intellectual property portfolio.

This new latest financing round was facilitated by Aon and led by GT Investment Partners. The data protection firm has now received a total of $70 million in fresh capital, including $20 million in prior funding led by Edison Partners.

The new funds will be used to scale customer success and expand sales, partnerships, and marketing efforts for its Data Embassy software platform, which is used by companies to secure data processing in untrusted environments with cleartext accuracy and speed for faster insights to achieve enterprise goals.

Founded in 2012 and based in Beaverton, Oregon, Anonos is a global software company that provides the only technology capable of protecting data in use with 100% accuracy. The company’s patented Data Embassy platform transforms source data into Variant Twins (non-identifiable yet 100% accurate data assets for specific use cases.) that can travel anywhere -across the corporate networks, outside enterprise, or around the globe.

In a released statement via the company’s press release, Gary LaFever, co-CEO and general counsel of Anonos, said: “Data-driven enterprises haven’t been able to use their data assets to their fullest advantage because of privacy and security restrictions.”

CEO LeFever also added: “Other vendors have attempted to resolve this issue, but we believe Anonos’ 10 years of R&D on Data Embassy is game-changing for organizations that depend on accessible yet compliant and uninterrupted data supply chains. The technology’s 26 granted international patents and more than 70 additional patent assets serve as the backbone of this financing that takes us to a new level of business execution.”