I have been interested in Identity-based Encryption (IBE) since a VC friend of mine asked me about IdentiCrypt, an attempt to commericalize Stanford IBE project, almost two years ago. I am not a crypto expert in any sense, but I know how to put together a product, especially easy to use consumer products, and all the pain and mistakes one can make while trying to do so.
I took a look and found a lot of potential in IBE although IdentiCrypt's execution was amateurish at the time. So I volunteered to help them but got nothing in response. I guessed they were too busy talking to VCs and continued to monitor the IBE technology. I knew that they got funded but not much else since they were in stealth mode. Today, they unveiled themselves as Voltage Security. Cool name, BTW.
Scott Loftesness is one of their advisors. You can't get a better advisor than Scott IMHO. Here is Scott's own words on Voltage Security. Looking at their board, looks like Hummer Winblad, Morgenthaler, and a few well-known individuals invested in the company. The company is headed by Sathvik Krishnamurthy from ValiCert. I don't know Sathvik, but I had been impressed in the past with ValiCert's ability to make a big deal out of seemingly nothing. Since Sathvik was VP of marketing and business development at ValiCert, I have to say Voltage is in good hands.
I haven't looked into their product yet so I can't say much about them yet. Meanwhile, I would like to welcome Voltage Security to the security market and a hearty congratulations to them for successfully navigating the VC waters. Good luck to them also. They will need plenty of it!
If I had an advice to give them, it would be this:
Think of cryptography and security as the engine and chasis of the car you are selling. While they are both important, rest of the car is what sells the car because people can't buy what they can't see. Don't make the same mistakes most security companies make by hiring mostly crypto and security experts.
Update 1: Link to Tim Oren's post about Voltage where he mentioned above as a sage advice. Thanks Tim. I think the first advice I had given was telling my parents to stop fighting like little children when I was eight or so. Here is a confession: I gave that advice so I can sleep at night.

