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CipherStash

Data protection platform using encryption-in-use and advanced key management

Backed by

SixThirtySixThirty
Skip CapitalSkip Capital

Raised 3M SEED on October 19, 2023

About

CipherStash provides searchable encryption-in-use software that encrypts queries, fields, and operations while remaining performant, logs data access, and integrates with databases, data lakes, and warehouses via driver and SDK.

Mission

CipherStash develops searchable data-encryption technology that keeps data encrypted-in-use rather than only at-rest, using advanced queryable encryption so access controls remain applied during queries. Its products log every data access and show who, what, where, and when sensitive data is accessed, including when it leaves core systems. The solution integrates with existing databases, data lakes, and data warehouses via a drop-in driver replacement, and an SDK supports more complex use cases. Led by founder and CEO Dan Draper, the company focuses on encryption-in-use for security and governance. CipherStash plans to use newly raised funds to expand its digital defense offerings against increasingly complex cybercriminal tactics and to provide protection against data breaches and identity theft. The article notes the company is based in Sydney, Australia. CipherStash provides an end-to-end searchable encrypted data storage platform that keeps data encrypted (including field names and queries) while remaining searchable and fast, with performance similar to traditional databases. The platform encrypts every query, insert and update before data is sent across the network to preserve utility and meet compliance requirements. The company was founded by Dan Draper (former Expert360 engineering VP), Lindsay Holmwood and James Sadler; Dan Draper serves as CEO and is a cryptography engineer. CipherStash’s searchable encryption scheme aims to allow developer teams to protect data without sacrificing usability or performance. The startup says its approach enables high levels of protection for sensitive data while avoiding the trade-off that leaves many organizations unencrypted. It raised funding to support growth and expand into the US market.

Quick Facts

Founded

2020

Funding

SEED

Industry

Big Data, Cyber Security, Information Technology

Team Size

11-50

Headquarters

Sydney, New South Wales, Australia