Battlefield vets StrongSalt (previously OverNest) broadcasts $3M seed spherical • TechCrunch

StrongSalt, then referred to as OverNest, appeared at the TechCrunch Disrupt NYC Battlefield in 2016, and introduced a product for looking out encrypted code, which stays uncommon to at the present time. At this time, the corporate introduced a $3 million seed spherical led by Valley Capital Companions.

StrongSalt founder and CEO Ed Yu says encryption stays a troublesome proposition, and that once you take a look at nearly all of breaches, encryption wasn’t used. He mentioned that his firm desires to simplify including encryption to purposes, and got here up with a brand new service to let builders add encryption within the type of an API. “We determined to provide you with what we name an API platform. It’s like infrastructure that permits you to combine our resolution into any current or any new purposes,” he mentioned.

The corporate’s authentic concept was to create a product to look encrypted code, however Yu says the tech has rather more utility as an API that’s relevant throughout purposes, and that’s why they determined to bundle it as a service. It’s not not like Twilio for communications or Stripe for funds, besides on this case you’ll be able to construct in searchable encryption.

The searchable half is definitely a fairly large deal as a result of, as Yu factors out, once you encrypt information it’s not searchable. “Should you encrypt all of your information, you can’t search inside it, and for those who can not search inside it, you can’t discover the information you’re searching for, and clearly you’ll be able to’t actually use the information. So we really solved that drawback,” he mentioned.

Builders can add searchable encryption as a part of their purposes. For purchasers already utilizing a business product, the corporate’s API really integrates with well-liked providers, enabling prospects to encrypt the information saved there, whereas maintaining it searchable.

“We are going to supply a storage API on high of Field, AWS S3, Google Cloud, Azure — relying on what the client has or desires. If the client already has AWS S3 storage, for instance, then once they use our API, and after encrypting the information, it is going to be saved of their AWS repository,” Yu defined.

For these corporations that don’t have a storage service, the corporate is providing one. What’s extra, they’re utilizing the blockchain to supply a mechanism for sharing, auditing and managing encrypted information. “We additionally use the blockchain for sharing information by recording the authorization by the sender, so the receiver can retrieve the data wanted to reconstruct the keys with the intention to retrieve the information. This simplifies key administration within the case of sharing and ensures auditability and revocability of the sharing by the sender,” Yu mentioned.

Should you’re questioning how the corporate has been surviving since 2016, whereas solely getting its seed spherical immediately, it had a few small seed rounds previous to this, and a contract with the U.S. Division of Protection, which changed the necessity for substantial earlier funding.

“The DOD was searching for an answer to have safe communication between computer systems, they usually wanted to have a method to securely retailer information, and so we have been offering an answer for them,” he mentioned. Actually, this work was what led them to construct the business API platform they’re providing immediately.

The corporate, which was based in 2015, at present has 12 staff unfold throughout the globe.

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