B2B data privacy startups have become increasingly important in recent years as businesses seek to protect the sensitive information of their clients and partners. As concerns about data privacy continue to rise and complexities continue to evolve, startups play an integral role in overhauling inefficient methods in a myriad of sectors.
In fact, it is predicted that the global data centric security market will reach a value of 39.341 billion U.S. dollars by 2030, exhibiting a compound annual growth rate of 30.3% from 2021 to 2030. This rapid expansion is expected to continue over the next decade as the demand for data-centric security solutions continues to grow.
And while they offer a variety of solutions to meet the specific needs of different organizations, they all share a common goal of helping businesses protect the sensitive information of their clients and partners.
5 B2B data privacy startups are underway towards disrupting obsolete practices and outdated models to further safeguard companies from a multitude of industries worldwide:
Mine PrivacyOps
Mine PrivacyOps is a pioneering platform that is specifically designed to manage data privacy operations while prioritizing the needs and experiences of consumers. This comprehensive platform helps companies streamline and automate their data privacy management processes, saving time and minimizing risks.
One of the key features of Mine PrivacyOps is its ability to integrate a wide range of data sources, allowing organizations to offer customers transparency regarding their data and to efficiently handle data privacy requests on a large scale.
Additionally, the platform simplifies compliance with various global privacy regulations, including the General Data Protection Regulation (GDPR), the California Consumer Privacy Act (CCPA), the California Privacy Rights Act (CPRA), and the Lei Geral de Proteção de Dados Pessoais (LGPD).
BlackFog
Established in 2015, BlackFog is a leading cybersecurity company that has developed innovative on-device anti-data exfiltration (ADX) technology to protect businesses from various global security threats, including ransomware, spyware, malware, phishing, unauthorized data collection, and profiling.
Their software monitors enterprise compliance with global privacy regulations and prevents cyberattacks across all endpoints.
BlackFog’s unique approach to security involves the use of behavioural analysis to preemptively prevent hackers from exploiting vulnerabilities in enterprise security systems and data structures.
This proactive approach recognizes the limitations of traditional perimeter defence techniques and neutralizes attacks at multiple points in their lifecycle, effectively preventing them from happening.
Intellegant
At Intellegant, the company strives to work at the intersection of technological innovation and regulatory compliance, ensuring that innovative ideas are not hindered by legal barriers.
Their added value lies in helping companies in the life science industry develop solutions that prioritize data privacy, security, and integrity from the outset, to avoid problems before they occur, and doing so with a strong understanding of business realities.
What sets Intellegant apart is its focused expertise in the life science industry and its ability to master critical processes within R&D organizations. They help firms protect, diagnose, design, and implement advanced data solutions to accelerate their transition to digital platforms.
The company aims to support the success of these organizations by providing the necessary tools and guidance to navigate the challenges of the modern business landscape.
Bitnobi
Founded in March 2016 with the support of Innovation York and Toronto Innovation Acceleration Partners, Bitnobi is a big data company that was created by experts in the fields of big data, cloud computing, and cybersecurity.
The company’s patented system was developed in response to the challenges of sharing big data across varying data infrastructures with different types of users.
Bitnobi’s software solution allows data providers to securely share their data with others without compromising the privacy or security of the information. The platform enables data sharing without requiring the transfer or copying of raw data to the end user.
This innovative approach to data sharing offers several benefits, including increased security and efficiency, as well as the ability to more easily comply with data privacy regulations.
Aspheris
In 2019, the founders of Apheris recognized the limitations and challenges of using data applications due to regulatory constraints and the decentralized nature of data within organizations.
To address these issues, they developed a solution that utilized a reversal technique: by moving the algorithm, not the data. This progressive approach led to the creation of the Apheris platform.
Today, the Apheris platform is used by numerous large global organizations to facilitate effective collaboration across teams, borders, and organizations. By utilizing the platform, customers can unlock complementary data value, improve their machine-learning capabilities, and accelerate progress in ways that were previously not possible.
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