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CRO#: 703793

Binarii Labs 2

Security Tech

Binarii Labs provides a patented data security platform designed to give organisations ownership and control of unstructured data.
by Aidan Finn
78% Funded
€ 1,100,000 Funding goal
€ 857,501 Invested
5Investors


Company Summary :

Binarii Labs’ patented and certified solutions are live and deployed with paying customers. The company is in early commercial phase as it transitions from pilot and validation engagements into scaled market entry through approved hyperscaler marketplaces and channel partners. 

 

Key highlights: 

  •  Patents granted in UK and US (4 issued, 4 pending) . Standards achieved: ISO27001; SOC2; NIST CSF 2.0; HIPAA 
  •  Company forecasting annualised revenues of c. €3m in 2027 
  •  No debt on balance sheet 
  • Route to revenue very advanced – secured approvals and partnerships with major hyperscalers and global channel platforms.  
  • These platforms (with dedicated re-seller resources) include Amazon’s AWS Marketplace, Microsoft Marketplace, Oracle Cloud infrastructure, and OVHcloud’s marketplace. 
  • Almost €850k raised in this round with strong validation from a US-based strategic angel investor and 2/3 of the €850k coming from existing investors following their money.  
  • Information Security and Risk Management market growing at 21% CAGR to 2030 to more than €600 billion. Binarii’s directly accessible market of Data Loss Prevention and data security tools is seeing 17% CAGR growth rates up to 2030 and an estimated market value of €88 billion. 
  • Promoters have invested €700k of their own capital in the business to date.  
  • The core technology platform is fully developed, market ready, internationally certified/compliant and continues to receive superb Enterprise Ireland support in the global market for its critical scale-up phase of expansion.   
  • Company has already achieved impressive traction and post pilot engagement/recurring revenues with early customers.  

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Risk warning

Investment in this crowdfunding project entails risk, including the risk of partial or entire loss of the money invested. Your investment is not covered by the deposit guarantee schemes established in accordance with Directive 2014/49/EU of the European Parliament and of the Council. Nor is your investment covered by the investor compensation schemes established in accordance with the Directive 97/9/EC of the European Parliament and of the Council.

Investments that qualify for tax relief schemes (such as EIIS) may lose that status due to the company’s future activities or your personal circumstances. Any tax relief is not guaranteed and should not be the primary reason for investment. You should consult your tax advisor.

You may not receive any return on your investment.

This is not a savings product and we advise you not to invest any more than 10% of your net worth in crowdfunding projects.

You may not be able to sell the investment instruments when you wish. If you are able to sell them, you may nonetheless incur losses.

The crowdfunding service provider declares that, to the best of its knowledge, no information has been omitted or is materially misleading or inaccurate. The crowdfunding service provider is responsible for the preparation of this key investment information sheet. You may not receive any return on your investment.

Please click here to read our full Risk Warning.

Spark Venture Funding is authorised by the Central Bank of Ireland.