Peter Burke, Minister for Enterprise, Trade and Employment of Ireland has announced that Binarii Labs, a data security solution developer, has secured an investment of €400,000 from Enterprise Ireland in High Potential Start-Up (HPSU) match funding, bringing to €3 million the total raised by the company to date.
The company, which was founded in 2021, has also announced that it plans to create over 100 new jobs in Ireland by 2027, and has already created over 20 new roles in recent months. The new jobs will include roles in specialist deep tech research and development, data security, tech and customer support, marketing and business development.
With the funding raised to date and the planned new jobs, Binarii Labs, headquartered at NovaUCD in Dublin, is focused on growing the international market for BinariiDSP, the company’s proprietary and patented data security platform.
BinariiDSP enables enterprises of any size, to protect, own and control their data and stakeholders’ data. It enables any enterprise to securely store and share their data whereby they retain sovereign ownership through 100% ownership and control instead of having to trust it to a third-party data storage provider.
Peter Burke, Minister for Enterprise, Trade and Employment, Ireland
I want to commend the team at Binarii Labs on its recent successful funding round. I know that Binarii Labs has significant growth plans to enhance its impressive offering and scale its talented team. Data security is at the top of businesses’ agendas here in Ireland and further afield and Binarii Labs is providing tangible solutions to enable enterprises to securely store and share their data.
Donnchadh Cullinan, Head of ICT HPSU, Enterprise Ireland
At Enterprise Ireland we are acutely aware of the cyber security challenges that face the global business world and have been proud to support Binarii Labs on their scaling journey. The company has made great progress in a short space of time to develop innovative proprietary solutions in data security. We are delighted to support Binarii Labs with €400,000 in HPSU funding which will help the company to deliver accelerated growth across global markets, support key R&D initiatives, and create more than 100 new jobs.