Binarii Labs, a data security solution developer, has secured an investment of €400,000 from Enterprise Ireland.
This brings 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 here by 2027.
It 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,” the company said.
Speaking at today’s announcement at NovaUCD, Peter Burke, Minister for Enterprise, Trade and Employment commeneded the team on its recent successful funding round.
“I know that Binarii Labs has significant growth plans to enhance its impressive offering and scale its talented team,” he said.
“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,” he added.
The company explained how BinariiDSP enables companies to protect, own and control their data and stakeholders’ data.
“It enables any enterprise to securely store and share their data whereby they retain sovereign ownership through 100% ownership and control instead of having to trust it to a third-party data storage provider,” the company explained in a statement.
Aidan Finn, CEO and co-founder, Binarii Labs said the funding will allow the company to continue with its international market growth strategy.
“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,” he said.
As published on RTÉ.
