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Binarii Labs 2

Security Tech
by Aidan Finn

Binarii Labs provides a patented data security platform designed to give organisations ownership and control of unstructured data.

85% Funded
Invested
€937,488
Equity
8.73%
Days to go
6
Target
€1,100,000
Investors
93
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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.  

 

**** Pre-Investment Commitments***

There is a sum of €883k that is indicated on the status bar that is being invested through third parties in this round.

€635k from Irish based VC investors

€95k from UK and US investors

€153k from previous Binarii investors from Spark

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