Qohash Secures $8M in Funding With Cutting-Edge Data Security Solutions Helping Companies Stop Global Increase in Data Breaches
As industries continue to face economic upheaval in the wake of COVID-19, data security startup Qohash has announced raising CAD 8 million in a Series A round of funding led by FINTOP Capital. Qohash is the next generation of security for a data-driven world through trailblazing solutions and inclusive company culture.
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In the last year, tens of millions around the world now telecommute. In Owl Labs’ “State of Remote Work” report, 52% of employees work remotely at least once per week. The influx of millions operating on personal, unsecured computers gave rise to a wave of cyberattacks in 2020, critically impacting some of the world’s largest brands. According to ISACA, the financial fallout is projected to reach USD 6 billion.
Now more than ever, consumers look for a deeper level of trust regarding their data’s custodianship, and companies have a greater responsibility to protect their customers’ sensitive data. Working with leading financial institutions seeking smarter applications that seamlessly adapt to remote work complexities, Qohash’s data security technology is designed to meet an ever-changing landscape.
Far too many companies are unwittingly using data security technologies that are cumbersome and outdated, leaving them unable to face today’s challenges, let alone equipped to anticipate tomorrow’s. Qohash is the disruptor in an industry that is becoming antiquated and its technology obsolete.
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Qohash’s flagship SaaS platform QostodianTM allows companies to monitor sensitive data flow between employees and their personal computers and accounts to detect high-risk situations in real-time. Qostodian makes it possible to secure data with superior deployment, cost, and performance parameters. Qohash ReconTM, an on-premise platform, empowers firms to find and classify sensitive data on network drives and servers — processes that used to take hours now deliver results in minutes.
“Customers want data protection that can evolve to meet new challenges,” said Qohash CEO Jean Le Bouthillier. “Qohash’s solutions are easy to deploy and cover on-premise and cloud-based sources. Working with security-conscious, industry-leading firms, Qohash has helped them achieve their goals faster and with greater flexibility.”
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