Early stage funding firm Antler Australia lately backed 13 startups as a part of its ongoing program to construct nice native tech corporations. Over the following six weeks, Startup Every day will share the main points of every enterprise within the “Antler Investor Memos” collection.
You may as well meet the founders on the Startup Every day present on ausbiz.com.au each Monday and Wednesday over the following six weeks.
This collection is designed to offer you a fast sharp understanding of the startups and folks concerned, with many in search of observe up capital following Antler’s preliminary pre-seed funding.
Firm: Onqlave
Formation date: 2022
Stage of enterprise: Pre-Seed
Founders: Simon O’Keefe and Matt Mahdieh
Present buyers: Antler
At the moment elevating: Sure
Description of enterprise
Regardless of the expansion of information administration software program serving to organisations navigate the brand new regulatory panorama, many nonetheless face an arduous means of evaluating quite a few disparate instruments to be compliant. Onqlave is empowering organisations to include knowledge privateness capabilities inside their digital structure.
In doing so, Onqlave addresses among the hardest issues organisations face when storing and processing their shoppers’ delicate knowledge on public clouds.
In contrast to different comparable companies in the marketplace, Onqlave takes an engineering strategy to fixing privateness wants by offering privacy-as-a-service. It ensures privateness and safety issues may be addressed on the supply of the information, not every utility that leverages delicate knowledge, all whereas being out there by way of a easy API integration.
Antler funding thesis
“Matt and Simon are delivering knowledge privacy-as-a-service and tackling main factors of vulnerability for knowledge switch, encryption and storage,” stated Cath Rogers, Companion of Antler Australia.
“Evolving privateness rules, deteriorating confidence in how private knowledge is saved, and growing cloud computing demand has led to a compounding impact on Onqlave’s addressable market. The Onqlave staff brings deep area experience and technical chops to privateness first options.”
Traction/milestones, so far
Onqlave has acquired vital curiosity and help from trade consultants and insiders. Amongst these events, there’s a collective settlement that not sufficient is being accomplished to guard the delicate knowledge of shoppers and the only real reliance on privateness safety just isn’t potential with solely public cloud suppliers.
Due diligence sources
Discover Onqlave’s pitch video and investor deck by way of The Antler Portfolio Reveal Platform.
Newest funding
Pre-Seed from Antler
Use of funds
Antler’s funding will bolster engineering sources as Onqlave builds the beta model of its product.
Feedback from founders
“The validation from trade insiders that we’re fixing a business-critical drawback is thrilling,” stated Simon O’Keefe, co-founder and CEO of Onqlave.
“There merely just isn’t sufficient being accomplished to guard shoppers’ delicate knowledge paired with an over-reliance on privateness safety by way of public cloud suppliers. We hope to repair that.
“Antler proved to be an vital assembly floor of like-minded bold people readying to construct corporations to unravel complicated challenges going through our world. Matt and I instantly clicked at Antler with a shared curiosity inside the privateness discipline and complementary abilities to develop a privacy-as-a-service resolution.”
What’s subsequent?
Antler, a world early-stage VC, lately showcased the most recent investments it’s made in bold Australian founders and startups. Onqlave featured as certainly one of Antler Australia’s latest portfolio corporations.
Discover how Onqlave supplies easy privateness as a service integration supporting companies as they scale by way of the Antler Portfolio Reveal Platform.
- StartupDaily is the official media companion of Antler in Australia.
NOW READ: The Antler Investor Memo collection: Avert AI helps corporations deal with communications compliance utilizing synthetic intelligence
