Minister for Enterprise, Trade and Employment, Peter Burke has announced that Binarii Labs, a data security solution developer, has secured an investment of €400,000 from Enterprise Ireland in High Potential Start-Up (HPSU) match funding, bringing to €3 million the total raised by the company to date.
The company, which was founded in 2021, has also announced that it plans to create over 100 new jobs in Ireland by 2027, and has already created over 20 new roles in recent months. The new jobs will include roles in specialist deep tech research and development, data security, tech and customer support, marketing and business development.
'Tangible Solutions'
“I know that Binarii Labs has significant growth plans to enhance its impressive offering and scale its talented team," said Minister Burke.
"Data security is at the top of businesses’ agendas here in Ireland and further afield and Binarii Labs is providing tangible solutions to enable enterprises to securely store and share their data.”
New Markets
Binarii Labs focuses on developing innovative, proprietary solutions in data security, and the funding secured to date will enable the Binarii Labs team to continue to be heavily engaged in further R&D and new markets development, as it globally commercialises its proprietary solutions.
The company was originally headquartered in Co. Kildare with the support of the Local Enterprise Office.
'Global Leader'
“Our mission is to enable enterprises, especially SMEs to take back 100% control, ownership and secure custody of all of their own and their stakeholders’ data, whilst providing unrivalled and indisputable transparency around any data securing and secure data sharing actions such that no trust is ultimately required on anyone’s side,” CEO and co-founder of Binarii Labs, Aidan Finn.
“We aspire to become a global leader in enabling data security, privacy, and sovereignty through providing a cost effective and fair means of charging based on volume of use and seeing BinariiDSP become the 'go to'” solution for any business to seamlessly integrate, so much so that their users would not even know.”
Source: www.businessworld.ie
