Binarii Labs: Pioneering Data Sovereignty Solutions in the Digital Age
July 20, 2024, 9:33 am
Location: Ireland, The Municipal District of Celbridge — Leixlip, Leixlip
Employees: 11-50
Founded date: 2021
Total raised: $1.58M
Binarii Labs, a cutting-edge data security solution developer based in Dublin, Ireland, recently announced a significant milestone in their journey towards revolutionizing data protection. The company successfully secured €400K in funding from Enterprise Ireland, a testament to their innovative approach to empowering enterprises, particularly SMEs, to take back control and ownership of their data.
Founded in 2021 by a team of visionaries including Steven Garner, Nigel Carter, Aidan Finn, and Ciarán McNamee, Binarii Labs has been at the forefront of developing a proprietary data security platform known as BinariiDSP. This platform, patented in both the US and UK, offers a unique solution that enables enterprises of all sizes to safeguard their data and that of their stakeholders through advanced encryption and multi-cloud distributed storage.
The core philosophy behind BinariiDSP is to ensure complete data sovereignty, providing businesses with the ability to retain ownership and control over their data without having to rely on third-party storage providers. This zero-knowledge system not only guarantees security but also offers automated cloud contingency and ensures business continuity in an increasingly data-driven world.
With the recent funding injection and plans to create over 100 new jobs in Ireland by 2027, Binarii Labs is poised for exponential growth and expansion. The company has already created over 20 new roles in specialized areas such as deep tech research and development, data security, tech support, marketing, and business development, signaling their commitment to driving innovation and job creation in the tech sector.
Aidan Finn, CEO and co-founder of Binarii Labs, expressed his excitement about the funding from Enterprise Ireland, emphasizing the company's mission to empower enterprises, especially SMEs, to regain control and secure custody of their data. Finn highlighted the importance of transparency in data security actions, aiming to eliminate the need for blind trust in data handling processes.
Binarii Labs' research and development efforts span a wide range of cutting-edge technologies, including Blockchain, Distributed Ledger Technology, and Artificial Intelligence, all aimed at delivering secure and trustworthy data protection solutions to a diverse range of users. The company's focus on innovation and proprietary solutions in data security sets them apart in a competitive market, positioning them as leaders in the field of data sovereignty.
Donnchadh Cullinan, Head of ICT HPSU at Enterprise Ireland, commended Binarii Labs for their progress and innovation in the realm of data security. The support from Enterprise Ireland, totaling €400,000 in HPSU funding, will enable Binarii Labs to accelerate their growth in global markets, drive key R&D initiatives, and create new job opportunities, further solidifying their position as a key player in the cybersecurity landscape.
Peter Burke TD, Minister for Enterprise, Trade, and Employment, also lauded Binarii Labs for their successful funding round and growth plans. Recognizing the critical importance of data security in today's business landscape, Burke highlighted the company's role in providing tangible solutions for enterprises to securely store and share their data, addressing a pressing need in the digital economy.
In conclusion, Binarii Labs stands as a beacon of innovation and progress in the realm of data sovereignty, offering businesses a pathway to reclaim control and ownership of their most valuable asset - their data. With a strong foundation, a visionary team, and a commitment to excellence, Binarii Labs is set to redefine the standards of data security and empower enterprises to navigate the complexities of the digital age with confidence and assurance.
Founded in 2021 by a team of visionaries including Steven Garner, Nigel Carter, Aidan Finn, and Ciarán McNamee, Binarii Labs has been at the forefront of developing a proprietary data security platform known as BinariiDSP. This platform, patented in both the US and UK, offers a unique solution that enables enterprises of all sizes to safeguard their data and that of their stakeholders through advanced encryption and multi-cloud distributed storage.
The core philosophy behind BinariiDSP is to ensure complete data sovereignty, providing businesses with the ability to retain ownership and control over their data without having to rely on third-party storage providers. This zero-knowledge system not only guarantees security but also offers automated cloud contingency and ensures business continuity in an increasingly data-driven world.
With the recent funding injection and plans to create over 100 new jobs in Ireland by 2027, Binarii Labs is poised for exponential growth and expansion. The company has already created over 20 new roles in specialized areas such as deep tech research and development, data security, tech support, marketing, and business development, signaling their commitment to driving innovation and job creation in the tech sector.
Aidan Finn, CEO and co-founder of Binarii Labs, expressed his excitement about the funding from Enterprise Ireland, emphasizing the company's mission to empower enterprises, especially SMEs, to regain control and secure custody of their data. Finn highlighted the importance of transparency in data security actions, aiming to eliminate the need for blind trust in data handling processes.
Binarii Labs' research and development efforts span a wide range of cutting-edge technologies, including Blockchain, Distributed Ledger Technology, and Artificial Intelligence, all aimed at delivering secure and trustworthy data protection solutions to a diverse range of users. The company's focus on innovation and proprietary solutions in data security sets them apart in a competitive market, positioning them as leaders in the field of data sovereignty.
Donnchadh Cullinan, Head of ICT HPSU at Enterprise Ireland, commended Binarii Labs for their progress and innovation in the realm of data security. The support from Enterprise Ireland, totaling €400,000 in HPSU funding, will enable Binarii Labs to accelerate their growth in global markets, drive key R&D initiatives, and create new job opportunities, further solidifying their position as a key player in the cybersecurity landscape.
Peter Burke TD, Minister for Enterprise, Trade, and Employment, also lauded Binarii Labs for their successful funding round and growth plans. Recognizing the critical importance of data security in today's business landscape, Burke highlighted the company's role in providing tangible solutions for enterprises to securely store and share their data, addressing a pressing need in the digital economy.
In conclusion, Binarii Labs stands as a beacon of innovation and progress in the realm of data sovereignty, offering businesses a pathway to reclaim control and ownership of their most valuable asset - their data. With a strong foundation, a visionary team, and a commitment to excellence, Binarii Labs is set to redefine the standards of data security and empower enterprises to navigate the complexities of the digital age with confidence and assurance.