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Cork-based startup Voltri is on a mission to remove the traditional barriers associated with encryption to keep enterprises secure.
A common trade-off technology companies face in their operations is that security can often come at the expense of performance and vice versa. With global macroeconomic instability and the constant threat of cybercrime, this election could cost whatever leaders decide to prioritize.
An Irish startup is on a mission to solve this problem and help enterprises protect their usage and data at the same time.
In the year Founded in 2020 on a dairy farm by Ryan Lasmaili, Tilo Weigandt, Shaun McBrearty, and Maxim Dressler, Voltri is a cybersecurity startup that develops software development kits that enable organizations of all sizes to benefit from fully functional data encryption.
This means, according to CEO Lastali, the result of Voltri software’s “major cryptographic breakthroughs” that enable processing of fully encrypted data without server-side decryption and without complex intermediaries or significant delays in data processing. Peerless” until now.
“Now companies can forget about security and performance issues and keep their data always secure, sticking to their technology stack and database, protecting their code and SQL syntax, going with the flow and working the way they’ve always worked… but Fully encrypted, and all in moderation!” he told SiliconRepublic.com.
Democratizing information security
By the time Lasmaili founded Voltri with others, they had been fine-tuning the mathematically complex algorithms that give life to the technology for nearly a decade.
“We started with a strong desire to democratize information security. For us, people should have the right to protect their information and technology is the only way,” he said.
Voltaire technology did not go unnoticed. Shortly after its inception, the startup raised $3.3m in seed funding in November 2021, followed by a $12.8m round led by Moulton Ventures in December 2022.
The high-potential cybersecurity startup was selected for the European Innovation Council accelerator following a “highly competitive” selection process that saw more than 1,000 companies apply and only 78 make the cut.
“This is a testament to our team’s hard work and commitment to disarming data breaches and cyber-attacks worldwide,” Lasamey said.
“We’re talking about fully functional data-in-use encryption that provides enterprises with a user-friendly, easy-to-integrate and fully scalable solution.”
Voltry’s plug-and-play offering means there is no need for cryptographers, intermediaries such as APIs and plugins, or data architecture changes. “No one needs access to your decrypted data – not your cloud or database providers, not even Voltrim,” Lasmaili explained.
This has the potential to greatly benefit privacy-conscious and technology-driven enterprises, especially those in highly regulated industries such as finance, healthcare, insurance, HR, and legal that use large databases.
A new parameter for encryption
Lasmaili said the ultimate goal is to get organizations using Voltrin’s technology to the point where their customers can feel confident that even if their data is stolen, it’s encrypted, so it’s okay.
He also hopes that the software will make life easier for security departments.
“We want to simplify the lives of CSOs: forget about data loss, public relations nightmares, high fines and reduced market value. “We want to significantly expand the scope of our solution and make companies’ databases a secure place,” Lamelli said.
An encrypted tomorrow unlocks the potential of encrypted data and enables the impossible, making breaches and leaks powerless and irrelevant.
Earlier this year, Valtri appointed former Twitter CISO Rinke Sethit to its board of directors.
Sethi brings decades of security and technology leadership expertise, having worked with companies as diverse as eBay, Intuit, Palo Alto Networks and IBM. Some of her recent roles include being VP and CISO for Rubrik in 2019 and with Twitter until January 2022.
Now focused on expanding the team and doubling down on research and patent registration, Voltri is eyeing Europe and the US as key markets due to proximity to technology, regulation and consumer awareness.
“However, we have no geographic boundaries and can serve any market and any organization,” Lasmelli added.
“Our goal is to make this technology the new benchmark by using a user-friendly, easy-to-integrate and fully scalable solution that removes all the barriers associated with encryption.”
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