INSUBCONTINENT EXCLUSIVE:
The rise of data breaches, along with an expanding raft of regulations (now numbering 80 different regional regimes, and growing) have
organization needs to consider when building and operating their businesses
Now a startup called InCountry, which is building both the infrastructure for these companies to securely store that personal data in each
jurisdiction, as well as a comprehensive policy framework for them to follow, has raised a Series A of $15 million
opportunity ahead.The funding is being led by three investors: Arbor Ventures of Singapore, Global Founders Capital of Berlin and Mubadala
Previous investors Caffeinated Capital, Felicis Ventures, Charles River Ventures and Team Builder Ventures (along with others that are not
being named) also participated
It brings the total raised to date to $21 million.Peter Yared, the CEO and founder, pointed out in an interview the geographic diversity of
the three lead backers: he described this as a strategic investment, which has resulted from InCountry already expanding its work in each
regardless of where it originated.)As a result, the startup will be opening offices in each of the regions and launching a new product,
InCountry Border, to focus on encryption and data handling that keep data inside specific jurisdictions
identifiable information in a separate place, without anything needed on their own back end, has been a strong pull
that is actually just the tip of the iceberg
The company points out that more than 80 countries around the world have data sovereignty regulations, and that in the United States , some
25 states already have data privacy laws
data regulator is now fining companies the equivalent of hundreds of millions of dollars when they violate GDPR rules.This ironically is
translating into a big business opportunity for startups that are building technology to help companies cope with this
working on cloud services and security to build bigger customer networks.That speaks to the complexity of the issue, and the different entry
Guzy is joining the board with this round
