Eyris, a cybersecurity technology provider specializing in blockchain-based solutions, has secured $3 million in pre-seed funding from incubator Red Cell Partners. This investment marks a significant step for Eyris as it prepares to launch a Department of Defense pilot program and extend its services to other federal agencies.
About Eyris and its Founders
Eyris was co-founded by Grant Verstandig, the founder, chairman, and CEO of Red Cell Partners, and Kevin Keaton, a U.S. Army veteran and former National Security Agency innovation chief. The company offers cloud- and encryption-agnostic security and ransomware mitigation products designed to integrate seamlessly with existing applications.
Backers and Investors
The pre-seed funding for Eyris comes from Red Cell Partners, an incubation firm dedicated to fostering innovation in cybersecurity and technology. This investment highlights Red Cell’s confidence in Eyris’ potential to revolutionize the cybersecurity landscape with its blockchain-based solutions.
Utilization of Investment
With the newly acquired funding, Eyris plans to kickstart a Department of Defense pilot program and expand its services to cater to the cybersecurity needs of other federal agencies. The investment will also fuel the development of Eyris’ tamper-resistant blockchain technology and encrypted data protection solutions.
Industry Impact and Benefits
Eyris’ focus on providing secure technological infrastructure resistant to cyberattacks aligns with the growing demand for robust cybersecurity solutions, especially in government and defense sectors. By offering cloud-agnostic and encryption-agnostic products, Eyris aims to enhance data protection measures and mitigate the risk of ransomware attacks.
Conclusion
The partnership between Eyris and Red Cell Partners represents a significant milestone in advancing cybersecurity technology. As Eyris continues to innovate and expand its offerings, it is poised to play a crucial role in safeguarding sensitive information for government agencies and enterprises.
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FAQs
Q1. What sets Eyris apart from other cybersecurity providers?
Eyris specializes in blockchain-based security solutions that offer tamper-resistant protection and encryption-agnostic features, ensuring comprehensive data protection.
Q2. How will Eyris’ products benefit federal agencies and government organizations?
Eyris’ products aim to provide secure technological infrastructure that is resistant to cyberattacks, safeguarding sensitive information and mitigating the risk of data breaches.
