Landing Pad Special: Nucypher

Landing Pad Special: Nucypher

Landing Pad Your springboard to Europe’s largest market – in this special section we will present daily the projects that are enrolled in this edition – partnership from KPMG and TQ.
https://www.nucypher.com/
NuCypher is a security and encryption platform for distributed systems, including blockchain, big data, cloud, and internet of things.
NuCypher provides security and encryption for distributed systems (big data/cloud, blockchain, and IoT).
Their primary competitors are data tokenization/masking companies like HP Voltage or Protegrity, however, NuCypher is purpose-built for distributed systems.
Their proxy re-encryption technology can be used to (1) run big data analytics in the cloud while keeping encryption keys on-premise, (2) for end- to-end encrypt streaming data in Kafka for data sovereignty compliance, and (3) to store/share/manage private data on public blockchains.
Funding Stage: $ 5 M. in VC from Y Combinator, Polychain Capital, and Michael Novogratz.
They are looking for:
Connections with banks/industry;
Validate the GDPR and data sovereignty use cases and identify potential pilot enterprise customers in Frankfurt.