Titaniam lands 6M to bolster data privacy solutions

Data protection and privacy provider Titaniam announced a $6 million seed funding round. 

The organization was founded by cybersecurity entrepreneur Arti Raman, the first woman to be awarded the Rosenthal award for outstanding contributions to investment and finance as well as being one of Forbes’ most influential women in business today.

Titaniam provides enterprises with an encrypted data processing platform they can use to build secure applications without having their sensitive information compromised because it’s all stored safely within borders where no outside party except those who need access will ever see anything but raw numbers.

The solution offers a way to build secure applications with queries and analytics capabilities that take place without data being decrypted, making them impossible for unauthorized users.

The increasing number of data breaches is a major concern for organizations across industries. The Identity Theft Resource Center found that there were 1,862 reported instances in 2021 alone – an increase from 2020 where they had recorded 1 ,841 total hacks with 15% being severe enough to require notification of customers affected by them.

Modern threats are becoming so sophisticated that the complexity of securing enterprise environments has increased to a point where it’s difficult for even top professionals.

“With threat actors becoming highly sophisticated and infrastructure becoming an enormous mess of components from a wide variety of sources scattered across cloud platforms, on-premise, and hybrid architectures, there is no way for the enterprise to get to a state of zero vulnerability. When vulnerability becomes a fundamental property of the enterprise, then security [of] its data must take on a similarly fundamental nature,” said founder Arti Raman. 

“Titaniam provides this fundamentally game-changing capability via a rich data protection platform. Individual modules plugin into existing and new architectures without disrupting application functionality and data usability,” Raman said. “The platform manages keys and data as it flows within and across Titaniam protected systems across the enterprise.”

Titaniam, a new entrant to the data protection market, is competing indirectly against homomorphic encryption providers and tokenization vendors. Researchers suggest that the industry will be worth about $181 billion by 2026.

Titaniam takes a unique approach in setting itself apart from competitors because it “does not offer homomorphic encryption and instead relies on a combination of traditional encryption and privacy techniques applied to big data and search platforms. This makes us light, fast, and practical for bread-and-butter use cases within the enterprise,” Ramat said. 

It also differs considerably from the experience offered by tokenization providers. 

“Tokenization renders data unusable for full-featured search and analytics. And while Titaniam does provide tokenization as one of nine special data release formats, customers look at us as a way to retain usability of data while still maintaining the benefits provided by tokenization,” Ramat explained. 

Titaniam’s funding round was led by Refinery Ventures with participation from Fusion Fund, Tokyo Marine Future Investments Fund, and Shasta Ventures.