June 16, 2022- Breakaway Partners, a San Diego-based early-stage investment company focusing on underrepresented founders, announces investment in Datanchor Inc., with the mission to empower organizations to easily and affordably realize the benefits of their information, confidently using and sharing it as needed to do business without fear of it being lost, stolen, or abused.
Their core technology, Anchor, embeds cryptosecurity within the data and tracks and controls access – automatically re-encrypting the database if it’s downloaded or otherwise used outside parameters set by the owner.
Under current security setups, companies can set up two-factor authentication to get in, but there is not much to prevent users from simply saving to a thumb drive. Anchor is a simple, turnkey, low-cost way to bake protection into your data and ensure your intellectual property, or other sensitive information, are never viewable or usable, without your consent.
Despite an annual spending of $210 Billion on cybersecurity, more that 45% of all organizations have suffered a data breach in the last year. Ransomware related losses are currently growing at a historically high rate, with more than 20% of all businesses having suffered from it in the last two years. Data losses happen as much due to internal factors as they do due to external factors – 85% of all employees admit taking data when they leave an organization. To eliminate the problem, modern solutions push security all the way down to the data itself, which is a major trend, contrasting the philosophy of traditional perimeter centric approaches. Data-centric security is growing at a high CAGR of 22.5%, with a current market size of $5.08 Billion.
“Anchor is super excited to team up with Breakaway Partners in its effort to help the world’s leading companies meet their regulatory compliance requirements, prevent their data from being stolen and unlock innovative ways of doing business without compromising on security.” Said Emre Koksal, Co-founder and CEO of Anchor. “Anchor will benefit greatly from Breakaway’s vast experience in a variety of industries and verticals,” he continued.
“We at Breakaway Partners are delighted to be part of Datanchor’s seed round.” said Serhat Pala, co-founder and partner at Breakaway Partners. “We are impressed with their data-centric security and how they made it simple and affordable for users,” he continued.
Breakaway Partners is a founder-focused investment company that mentors and funds early-stage companies that have created products or services that are disruptive in their industry. Our goal is to help our portfolio companies get their ideas to market. We devote our time, expertise, connections, and capital to helping companies grow successfully. We have a focus on investing in underrepresented Companies in the following industries: Health and Wellness, SaaS, digital identity, and fintech.
For more information, please visit www.breakaway.partners
Anchor is a SaaS platform that provides zero trust capabilities to data on endpoints. In under 30 minutes, Anchor is fully deployed and empowers your business users to further restrict access to data based on access rules they create. All without requiring you to change existing IT controls or how your users and applications work today.
For more information and to check out the solution, please visit anchormydata.com.