Get ready to support the exciting crowdfunding campaign of Binarii Labs, an Irish cybersecurity startup. With a goal of raising €900,000, this campaign will help the company expand its global presence. Binarii Labs, founded in 2021, has already received €1.4 million in previous funding rounds. Headquartered in the UCD incubator NovaUCD, the firm is set to launch two proprietary cybersecurity solutions later this year. Their innovative approach to protecting sensitive data has garnered attention from investors, including Ulster rugby player Ian Madigan. By contributing to this campaign, not only can you help advance cutting-edge technology, but Irish investors can also receive a 40% EIIS tax rebate. Join the movement and be a part of the future of cybersecurity.
Binarii Labs launches €900k crowdfunding campaign
Binarii Labs, an Irish cybersecurity startup, has recently launched a €900,000 fundraising campaign to support its global expansion efforts. The company, which is headquartered at UCD incubator NovaUCD, has already secured €1.4 million in previous funding rounds, showcasing investor confidence in its innovative solutions.
Fundraising Round
With its current crowdfunding campaign, Binarii Labs aims to raise €900,000 to fuel its global expansion plans. The funds will be used to further develop and roll out the company’s proprietary cybersecurity solutions in key markets.
Launch on Spark Crowdfunding
Binarii Labs has chosen to launch its crowdfunding campaign on the Spark Crowdfunding platform. Known for its support of innovative startups, Spark Crowdfunding is expected to attract a wide range of investors who are interested in backing promising cybersecurity ventures like Binarii Labs.
Previous Funding Rounds
The successful startup has already secured €1.4 million in previous funding rounds, demonstrating the confidence investors have in its vision and potential for growth. This strong foundation provides a solid base for the current crowdfunding campaign and highlights the company’s track record of success.
Founding and Support
Binarii Labs was founded in 2021 by Steven Garner, Nigel Carter, Aidan Finn, and Ciarán McNamee. The company received support from Kildare’s Local Enterprise Office before moving to the renowned UCD incubator, NovaUCD, in 2022. Additionally, Binarii Labs has been designated as an Enterprise Ireland High Potential Start-Up (HPSU), further validating its potential in the cybersecurity market.
Proprietary Cybersecurity Solutions
Binarii Labs is set to launch two proprietary cybersecurity solutions that address critical data protection needs.
BinarriDMS
BinarriDMS is a document management system that allows users to access their cloud storage even in the event of network failures or breaches. This provides a solution to ensure data availability and protection, particularly for the most targeted data types. With BinarriDMS, users can have peace of mind knowing their data is accessible and secure.
Cyqur
Cyqur is another innovative cybersecurity solution developed by Binarii Labs. It enables customers to securely protect sensitive information, such as access credentials and personal data. With the growing threats to data security, Cyqur offers a comprehensive solution to safeguard vital information and mitigate risks.
New Approach to Data Protection
Binarii Labs believes that a new approach to data protection is necessary, especially considering the increasing frequency of attacks on sensitive data. With an attack happening every 11 seconds, it is crucial to adopt innovative cybersecurity solutions that prioritize the safety and availability of user data. Binarii Labs aims to lead the way in revolutionizing data protection practices.
Securing Patents
Binarii Labs has already achieved significant milestones in terms of intellectual property protection. The company has obtained US patent granted status and is currently advancing with its UK patent application. By securing patents for their innovative cybersecurity solutions, Binarii Labs establishes its credibility and strengthens its position as a leader in the industry.
Global Expansion
Binarii Labs has ambitious plans for global expansion and aims to bring their cutting-edge cybersecurity solutions to key markets. The funding raised through the crowdfunding campaign will be utilized to expedite commercialization plans in territories such as the United States, the United Kingdom, South Africa, and India. By expanding its presence internationally, Binarii Labs can reach a broader customer base and make a more significant impact in the cybersecurity landscape.
Commercialization Plans
With the funding raised, Binarii Labs intends to accelerate its commercialization plans for its proprietary cybersecurity solutions. This includes extensive marketing and sales efforts to reach potential customers globally. By effectively commercializing their products, Binarii Labs can drive revenue growth and establish itself as a prominent player in the cybersecurity industry.
US Office in California
Binarii Labs has already attracted investors in California during its earlier funding rounds, and the company plans to establish its first US office in the state’s capital. With the support of the Northern California Innovation District and the Greater Sacramento Economic Council, Binarii Labs aims to leverage the opportunities offered by California’s thriving technology ecosystem. This strategic move will enable the company to tap into the US market and forge valuable partnerships.
Investors and Tax Rebate
Binarii Labs has already gained the support of investors in its crowdfunding campaign, including Ulster rugby player Ian Madigan. In addition, Irish investors have the opportunity to recover 40% of their investment through an EIIS (Employment and Investment Incentive Scheme) tax rebate. This incentivizes local investors to back Binarii Labs’ cybersecurity initiatives and helps drive economic growth in the region.
Recognition as Tech Innovator
Binarii Labs has been recognized as a tech innovator and was selected as one of the eight companies to advance to the Irish final of KPMG’s Global Tech Innovator competition. This recognition further validates the company’s groundbreaking solutions and positions Binarii Labs as a leader in the cybersecurity sector.
Photo of Founders
A photo featuring Ciarán McNamee, Aidan Finn, and Chris Burge, CEO and co-founder of Spark Crowdfunding, highlights the key individuals behind Binarii Labs’ success. These founders have played a crucial role in driving the company’s growth and innovation, and their expertise is instrumental in propelling Binarii Labs towards its global expansion goals.
