Cryptyk Inc.

Cryptyk Inc. Analysis

Cryptyk Inc. offers a unique approach to cloud security with the slogan "Cryptyk doesn't try to prevent inevitable security breaches - we just ensure anything stolen is useless to the hackers." The company was founded in 2015 and is headquartered in the United States. Their technology assumes that online security breaches are frequent and inevitable, leading them to focus on mitigating the potential impact rather than attempting to prevent breaches altogether.

Instead of trying to stop these breaches, Cryptyk leverages user-encrypted file management and decentralized network storage architecture to secure data. Their innovative approach ensures that even if hackers successfully breach multiple encryption and user authentication barriers, they can only steal a useless portion of any data payload. This approach converts all data into a "safe-to-hack" format that is immune to many security threats.

The company operates in the Blockchain, Enterprise Software, Hardware, and Information Technology industries. In their last investment round, they secured $200.00K in an Angel Round investment on 01 October 2015 from investor Aly Madhavji.

Overall, Cryptyk Inc. presents an innovative and practical solution to cloud security, focusing on minimizing the potential impact of security breaches rather than attempting to prevent them entirely. With their unique approach and the support of notable investors, the company shows promise in addressing the evolving challenges of data security in the digital age.