As we all know, Data is the backbone of any organisation. It’s what keeps the company going and in some cases, its most valuable asset.
But, accessing and sharing data is a complicated issue for large businesses, and doing this in a secure, compliant way is a problem for many due to changing data privacy regulations.
And here’s where London-based data software firm eXate comes into play. This startup keeps data privacy at the core and enables firms to easily share data internally and externally, safe, and secure.
In a recent move, the company raised a £2.3M (approx €2.5M) seed round led by Outward VC, with additional backing from ING Ventures and Triple Point Ventures, to accelerate the growth of its DataSecOps platform.
The proceeds will be used to expand its team, accelerate platform development, and expand into new geographies and verticals.
Peter Lancos, CEO, eXate, explains, “Organisations that store and process large volumes of data experience many challenges when it comes to data sharing. We see the biggest obstacles arise from the lack of joined-up thinking. The use of expensive multiple single-point solutions, coupled with monitoring complicated country-by-country policies adds time and budget to data initiatives.”
“The key to delivering the best value for clients is to fully integrate data, security, and operations in a single application through DataSecOps. This investment from leading venture capital firms, including one of our major banking clients, is a validation of what eXate has achieved to date and provides a solid foundation to bring the value of DataSecOps to a larger audience of data-driven organisations.”
Simplifying data sharing
Founded in 2018 by Peter Lancos, and Sonal Rattan, former digital business leaders at HSBC, eXate aims to simplify the way data is safely and securely accessed, shared, and governed through DataSecOps.
What is DataSecOps?
DataSecOps is the extension of DevSecOps values and practices into the data analytics world. It provides seamless collaboration between the admins and engineers, who store, analyse, archive, and deliver data, driving higher efficiency across all stages of the data access and management lifecycle.
Within a single intuitive platform, the company combines and coordinates multiple privacy-enhancing technologies, connected to built-in governance and controls.
The UK company provides its solution to leading Global 500 corporations, financial institutions, and insurance providers around the world, including incoming investors ING.