Goldilock raises $ 1 million to expand its cybersecurity solution to air gap
Goldilock closed its oversubscribed seed funding round, successfully raising more than $ 1 million. This crowns a dynamic of the first two quarters of 2021.
Immediately after receiving a patent for True Remote Automated Airgap Security, Goldilock also signed its first value-added distributor, Cefiros, for the Iberian and Latin American cybersecurity markets in March 2021. Earlier in the year, Goldilock has also announced the winning of Fintech Moneyzoom for a portion of their cybersecurity solutions as well as being accepted into Hub71, Abu Dhabi’s global tech ecosystem, for an extended residency program.
CEO and Founder Tony Hasek points out that “the past 30 years have seen exponential adoption of the Internet and the past decade in particular has seemed like a massive data migration to the cloud. However, this hyperconnectivity has made the common user, as well as governments and businesses, a prime target for criminal activity ”. Explaining further, he adds that protecting networks, systems and data against cyber attacks has become a must for anyone connecting to the Web.
“The size of the global cybersecurity market was estimated at $ 167.13 billion in 2020 and is expected to reach $ 179.96 billion in 2021. Goldilock’s unique offline True Airgap solution is recognized as a must-have for organizations by our investors . Many of our angel investors have decided to increase their investments during this seed cycle, which is a clear vote of confidence in our amazing team and our now patented product. “
Justin Gan, an investor who participated in this funding round, believes that “Goldilock provides the ultimate security solution, true vacuum security. As an investor, I’m looking for a niche product that is a solution to an existing global problem with strong IP protection and scalability that allows for exponential growth.
Jon Gruen, Founding Partner of Gothams, observed Goldilock’s rise: “Part of the satisfaction of an acceleration process is seeing our startups grow, expand and be successful,” adding, “Goldilock has participated in the Gothams Hub71 acceleration program in partnership with Mubadala in the fourth quarter. 2020, which supports next-generation aerospace and defense start-ups. The positive response from Seed investors to their Airgap concept honestly does not surprise us and we expect the Goldilock RAAS solution to be adopted by several verticals.
This sentiment is shared by Magdalena Balcerzak, Manager at Vestbee. “Our job as Vestbee, the largest matchmaking platform in Central and Eastern Europe for startups and investors, is to uncover regional startup gems for the world that have the potential to evolve. Goldilock was elected in 3rd place in our Vestbee CEE Scaleup Challenge because they stand out from other companies by presenting an interesting and innovative Airgap offer appreciated by a large network of leading investors. We keep our fingers crossed for their future success!
Cybersecurity Ventures predicts that the global costs of cybercrime will increase by 15% per year over the next five years, reaching US $ 10.5 trillion per year by 2025. This is driving more and more businesses across segments to take a close look at the quality of their cybersecurity solutions.
Delving into the breakthrough technology behind Goldilock’s simple yet powerful air gap solution, Tony points out that: “Our TrueAirgap enables IT infrastructure and digital assets to be active and immediately available online through a trigger mechanism. tape ”, while being physically disconnected and invisible from the Internet or network when not in use by an authorized user. “
Asked about early customer feedback, Tony recalls a momentous statement that sums up how the simplicity of his idea translates into the simplicity of its setup and use: “Thank you for that, Goldilock Team. It is quite simple to use. “
RAAS – Remote automated air gap security
Goldilock is redefining and revolutionizing the way sensitive digital data is handled by individuals and institutions. The main advantages include:
- Resolves hot and cold storage failures while retaining all the benefits
- Data is stored securely offline – invisible, separated and physically disconnected
- Data and devices can be brought online or offline, in seconds, from anywhere on earth, without dangerous human intervention and, most importantly, without using the Internet.
- Involves unique out-of-band authentication methods that cannot be triggered by devices on the same network that Goldilock is protecting.
The three premises of Boucle d’Or
“Users need to access their sensitive data quickly, but often only occasionally and for short periods of time. Otherwise, online data is more useful to hackers than to legitimate owners. Goldilock technology is therefore based on three basic premises ”, explains Hasek the thought behind their 3 premises:
- Sensitive data must be isolated, protected from physical contact and associated human error, and fully backed up.
- Sensitive data must be quickly accessible when needed.
- Our patent-pending technology treats these premises as requirements to secure sensitive data and IT infrastructure without sacrificing accessibility.
Secure access is also an integral part of the actual process of connecting to one’s data and this is what sets the Goldilock solution apart: “We provide an isolation layer to separate and secure the digital assets of institutions,” summarizes Hasek, adding that while the Airgap login process takes place, a complex set of 17 security measures take place in the background. “Our technology provides remote physical disconnection of data from the Internet, the system leveraging biometrics, multi-factor authentication, regressive out-of-band technology triggers and cryptography to keep your sensitive digital assets physically separate from the Internet. access to the network, while remaining making them accessible at all times.