By Amit Chowdhry • Oct 11, 2024
Pulse 2.0
About DataKrypto
DataKrypto is the first and only fully homomorphic encryption (FHE) solution for protecting all data types in real-time throughout their lifecycle, including data in use. It was launched as a spin-off of DRSlab, a leader in data retention.
Ravi Srivatsav’s Background
Ravi Srivatsav is a serial entrepreneur with extensive tech industry experience. He previously served as a partner at Bain & Company and Chief Product Officer at NTT Research.
Formation of DataKrypto
The idea for DataKrypto arose when a TELCO client reported data gaps in requests. DataKrypto addressed this by implementing FHE to secure data across its lifecycle.
Favorite Memory
Srivatsav recalls how his team prioritized speed, refusing a request for a minor feature that would slow their product by nanoseconds, showing their dedication to performance.
Core Products
DataKrypto’s flagship product, FHEnom, allows arithmetic and search operations on encrypted data without decryption. It also integrates with AI, providing encrypted model and data processing.
Challenges Faced
One of the biggest challenges has been educating the market on the importance of continuous encryption and addressing critical data protection gaps.
Evolution of Technology
DataKrypto has added more operators for developers and features like image encryption to its FHE solution, adapting to industry trends like AI’s growing influence.
Total Addressable Market
Srivatsav sees the cybersecurity market growing substantially, with FHE poised to capture $70-$100 billion within the larger $500 billion market.
Differentiation from Competitors
DataKrypto differentiates itself by offering the fastest encryption solution (operating in nanoseconds) and covering all data types while preserving their format.
Future Goals
Srivatsav is optimistic about the future, as DataKrypto aims to lead the revolution in data security, driven by their belief that data privacy is a human right.
About DataKrypto:
DataKrypto offers cutting-edge encryption solutions for enterprises, securing data throughout its lifecycle. Visit www.datakrypto.com for more information.