Binarii Labs, an Irish cyber security technology start-up has launched a €900,000 crowdfunding campaign via the Spark Crowdfunding platform.
The company which is headquartered at NovaUCD said it will use the funding to expedite its commercialisation plans across the US, Ireland, the UK, South Africa, and India.
Established in September 2021, Binarii Labs is set to launch two proprietary cyber security products later this year that put document and data control back in the hands of their owners.
"BinariiDMS is a unique document management solution that uses Binarii Labs’ patented approach to enable an enterprise to maintain full access to their secured documents even when their cloud storage has gone down, or worse still, been breached," the company said in a statement.
"Cyqur, another unique product developed by Binarii Labs, enables users to securely protect sensitive secret information such as access credentials," it added.
Aidan Finn, co-founder and CEO, Binarii Labs said the funding raised in this campaign will enable the company to accelerate the roll-out of its technology globally.
"With an attack on sensitive data happening every 11 seconds around the clock, and with documents and access credentials continuing to be the most targeted, it’s time for a new approach," he said.
"Binarii Labs is providing a new paradigm in protecting user’s data," he added.
Binarii Labs founded by Steven Garner, Nigel Carter, Aidan Finn and Ciarán McNamee, was initially supported by the Local Enterprise Office, Kildare.
Binarii Labs, which relocated to NovaUCD in 2022, is also an Enterprise Ireland High Potential Start-Up (HPSU) company.
The company previously raised €1.4 million in funding and has secured US patent granted status whilst advancing with its UK patent application.
