May
02
2019
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InCountry raises $7M to help multinationals store private data in countries of origin

The last few years have seen a rapid expansion of national regulations that, in the name of data protection, govern how and where organizations like healthcare and insurance companies, financial services companies and others store residents’ personal data that is used and collected through their services.

But keeping abreast of and following those rules has proven to be a minefield for companies. Now, a startup is coming out of stealth with a new product to to help.

InCountry, which provides “data residency-as-a-service” to businesses and other organizations, is launching with $7 million in funding and its first product: Profile, which focuses on user profile and registration information in 50 countries on six continents. There will be more products launched covering payment, transaction and health data later in the year, co-founder and CEO Peter Yared said in an interview.

The funding — a seed round — is coming from Caffeinated Capital , Felicis Ventures, Ridge Ventures, Bloomberg Beta, CRV, Global Founders Capital.

InCountry is founded and led by Yared, a repeat entrepreneur who most recently co-founded and eventually sold the “micro-app” startup Sapho, which was acquired by Citrix. Other companies he’s sold startups to include VMWare, Sun, and Oracle, and he was also once the CIO of CBS Interactive. 

Yared told me in an interview that he has actually been self-funding, running and quietly accruing customers for InCountry for two years. He decided to raise this seed round — a number of investors in this list are repeat backers of his ventures — to start revving up the engines. (One of those ‘revs’ is an interesting talent hire. Today the company is also announcing Alex Castro as chief product officer. Castro was an early employee working on Amazon Web Services and Mircosoft’s move into CRM, and also worked on autonomous at Uber.)

If you have never heard of the term “data residency-as-a-service”, that might be because it’s something that has been coined by Yared himself to describe the function of his startup.

InCountry is part tech provider, part consultancy.

On the tech side, it provides the technical aspects of providing personal data storage in a specific national border for companies that might otherwise run other aspects of their services from other locations. That includes SDKs that link to a variety of data centers and cloud service providers that allow new countries to be added in under 10 minutes; two types of encryption on the data to make sure that it remains secure; and managed services for its biggest clients. (InCountry is not disclosing any client names right now, except for video-editing company Revl.)

On the consultancy side, it has an in-house team of researchers and partnerships with law firms to continually update its policies and ensure that customers remain compliant with any changes. InCountry says that to provide further assurance to customers, it provides insurance of up to three times the value of a customer’s spend.

InCountry’s aim is twofold: first, to solve the many pain points that a company or other organization has to go through when considering how to comply with data hosting regulations; and second, to make sure that by making it easy, companies actually do what’s required of them.

As Yared describes it, the process for becoming data compliant can be painful, but his startup is applying an economy of scale, since the process is essentially one that everyone will have to follow:

“They have to figure out what the requirements are, find the facility, audit the facility, which includes making sure it’s not owned by the state, make sure the network is properly segregated, develop the right software layer to manage the data, hire program managers, network operations people and more,” he said. And for those handling this themselves, cloud service providers will typically cover a smaller footprint of regions, 17 at most for the biggest. “We take care of all that, and add on more as we need to.”

The problem is that because the process is so painful, many companies often flout the requirements, which isn’t good for its customers, nor for the companies themselves, which run the risk of getting fined.

“It’s universally acknowledged that the way data is stored and handled by most companies and handled is not meeting the average requirements of citizens rights,” Yared said. “That’s why we now have GDPR, and will see more GDPR-like regulations get rolled out.”

One thing that InCountry is not touching is data such as messages between users and other kinds of personal files — data that has been the subject of sometimes very controversial data regulations. Its limit are the pieces of personal information about users — bank details, health information, social security numbers, and so on — that are part and parcel of what we provide to companies in the course of interacting with them online.

“In early outreach, we have had people as for private data storage, but we would be ethically uncomfortable with that,” Yared said. “We want to be in the business of helping people who have regulated data, by storing that in a compliant manner that is more helpful, and more fruitful to users.”

The aim will be to add more services over time covering ever more countries, to keep in line with the growing trend among regulators to put more data residency laws in place.

“We’re witnessing more countries signing in data laws each week, and we’re only going to see those numbers increase,” said Sundeep Peechu, Managing Director at Felicis Ventures, in a statement. “We’re excited to be leading the round and reinvesting in Peter as he launches his seventh company. He recognized the problem early on and started working on a solution nearly two years ago that goes beyond regional data centers and patchwork in-house DIY solutions.”

Nov
13
2018
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Cognigo raises $8.5M for its AI-driven data protection platform

Cognigo, a startup that aims to use AI and machine learning to help enterprises protect their data and stay in compliance with regulations like GDPR, today announced that it has raised an $8.5 million Series A round. The round was led by Israel-based crowdfunding platform OurCrowd, with participation from privacy company Prosegur and State of Mind Ventures.

The company promises that it can help businesses protect their critical data assets and prevent personally identifiable information from leaking outside of the company’s network. And it says it can do so without the kind of hands-on management that’s often required in setting up these kinds of systems and managing them over time. Indeed, Cognigo says that it can help businesses achieve GDPR compliance in days instead of months.

To do this, the company tells me, it’s using pre-trained language models for data classification. That model has been trained to detect common categories like payslips, patents, NDAs and contracts. Organizations can also provide their own data samples to further train the model and customize it for their own needs. “The only human intervention required is during the systems configuration process, which would take no longer than a single day’s work,” a company spokesperson told me. “Apart from that, the system is completely human-free.”

The company tells me that it plans to use the new funding to expand its R&D, marketing and sales teams, all with the goal of expanding its market presence and enhancing awareness of its product. “Our vision is to ensure our customers can use their data to make smart business decisions while making sure that the data is continuously protected and in compliance,” the company tells me.

May
05
2018
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Data Protection and GDPR

The cat picture (Bella) is just to soothe you because this isn't a thrilling post, but I feel this is important information you should be aware of.

Data Protection and Privacy has been in the news a lot in recent years, what with the Facebook/Cambridge Analytica scandal, web site breaches galore, and now the introduction of the GDPR in Europe. For those that care, that's the General Data Protection Regulation that governs the gathering, use and security of data.

Yeah, boring stuff. Stop yawning at the back! ? If you want to waste a weekend, go and Google GDPR.

Meantime, and this is where I want you to start reading ?

For most of you, the only personal information I store is your email address, but I take data privacy and security extremely seriously.

I never sell or share your email address or ANY personal information.

If you want to know more about the privacy and protection of your data, please read my privacy policy.

Mar
09
2018
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InfoSum’s first product touts decentralized big data insights

 Nick Halstead’s new startup, InfoSum, is launching its first product today — moving one step closer to his founding vision of a data platform that can help businesses and organizations unlock insights from big data silos without compromising user privacy, data security or data protection law. So a pretty high bar then. Read More

Sep
28
2017
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Three-year old startup Vera scores huge deal to protect all of GE’s IP

 When Box landed GE as a customer in 2014, it marked a turning point for the cloud content management company, giving them momentum ahead of their IPO. Three years later, Vera, a data rights management startup is getting a similar feeling, announcing GE’s 300,000 employees would be using Vera to protect the company’s intellectual property as it moved through the world. “This… Read More

Jul
18
2017
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Privitar raises $16M to help ensure privacy in big data analytics

Data flying over group of laptops to illustrate data integration/sharing. As data protection — a set of laws and practices created across different markets to ensure that our sensitive information does not get leaked or shared without our permission — continues to gain priority in our rapidly expanding digital world, a UK startup called Privitar that is building tools to help organizations keep that data private has picked up $16 million in funding… Read More

Feb
07
2017
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Druva’s latest feature helps protect data stored on its service from ransomware

Binary field with Ransomware in the middle of it. Over the years, Druva has developed services for protecting and managing data and tools for governance and compliance. Today, it took that idea one step further when it added ransomware and anomaly detection. The company decided to develop a ransomware detection tool after finding that customers were using Druva to help manage the ransomware recovery process. Restoring data has always been… Read More

Dec
15
2014
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Verizon, HP, eBay, Cisco, Salesforce File Amicus Brief To Back Microsoft In Irish Cloud Data Appeal

privacy Microsoft’s got some more support today in its ongoing appeal and wider campaign against the U.S. government over how the latter requests customer data from the cloud, and specifically when the servers where the data is stored are located outside the U.S.. Verizon, HP, eBay, Cisco, Salesforce and Infor have come together to file an amicus brief in support of Microsoft’s position… Read More

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