Verai isn’t claiming that it can make all of the problems go away overnight. But we have realized that these Trillion Dollar Problems are related.
We have come up with one Big Idea that will contribute to the process of solving all of them.
Inherently secure data would not be placed at risk if defenses are breached during an inevitable cyber attack.
Less effort (and expense) would be needed to secure the places in which the data resides or the conduits through which it passes.
If data is intercepted or exfiltrated, it would be of no use to the unauthorized party into whose hands it falls.
A process that could accomplish this would need to be unobtrusive – not interfering with workflows and not injecting latency into the computing environment.
We have developed such an approach - at enterprise scale - that not only provides the strength of multiple encryption (and some clever secret sauce) but that does it in the background, with low latency, so that no one knows it’s there.
Except the data, which can finally breathe a big sigh of relief.
It’s like turning gold bars into bricks, which are no longer of interest or value to an unauthorized party.
As it turns out, this innovation can change many things that will otherwise hold back progress in the digital domain.
To this point, we have originated three interlocking technologies, with associated patented methodologies, which are being developed into security tools.
We think of them as security utilities, whose purpose is integration into application software, either as individual security elements or in combination.
The tools are enabling technologies, concerned with the protection of data (Doubleknot®), the assurance and control of human identity and authority in the digital domain (Bio Lock & Key®), and the secure transmission and privacy of information exchanged between two parties (vExchange®).
Doubleknot is our foundational technology, because Bio Lock & Key and vExchange each depends on the Doubleknot process of data protection in order to accomplish its objectives.
We expect that the use of our tools will be driven by software developers looking to upgrade the security of data handling in enterprise-scale applications.
The potential areas of use are extensive – all software applications generate and use data and its protection is always a significant area of concern, especially in large-scale, multi-locational enterprise settings.
We have already invested considerable development effort in one notable use case for Doubleknot, which we have named VeraiVault®.
VeraiVault is a data storage application of Doubleknot technology that will meet the needs of data users for ongoing additional capacity, available quickly, at a price that easily justifies retaining greater volumes of data than might otherwise be feasible.
The impregnability of Doubleknot objects makes them intrinsically secure, which changes the storage paradigm.
Instead of needing layers of active security, consuming large amounts of electricity in purpose-built hardened data centers, data in Doubleknot form can be stored almost anywhere.
Verai has developed a concept for a distributed, multi-location storage solution that mimics the cloud in its ease of enterprise data accessibility, but which is notably more secure, can expand quickly and easily, demands only a fraction of the capital investment and overhead costs, and dramatically lowers the price of data storage.
Cloud computing centers are great for best in class computing performance, but they’re very expensive, complex, and slow to build.
They also demand vast resources for cooling (water) and power (electricity), and aren’t the ideal solution for the storage of data, except for real time processing applications.
For many uses of data, the advantages of cloud are minimal, and the disadvantages – insecurity and cost – highly significant.
VeraiVault provides the same convenient “whole enterprise” storage and access to data as the cloud, but with stronger data security, unburdened by cloud’s capital and overhead base, can operate as a parallel resource to computer processing in the cloud.
At this stage our work, the precise approach to developing our distributed storage network and the partners with whom we are negotiating must remain confidential.
Co Founder - CEO
Rich is an entrepreneur and senior business professional with three decades’ experience in building companies from start-up, through scaling and managed growth, to liquidity event. A former Wall St executive, Rich has served as CEO and COO of various private companies at critical stages. He was founder of a successful medical technology group which he sold to a NYSE healthcare company. His consulting and advisory work has focused on operational effectiveness and performance improvement.
Co - Founder - CTA
Lance is a technologist with a deep background in computer science, software engineering (focusing on coding and cryptography), and mathematics. As a practicing intellectual property attorney associated with advanced technological development by research-oriented institutions in partnership with the private sector, Lance has gained a unique perspective of many fields of current focus, particularly in software and security applications. Importantly for Verai Systems, Lance engaged in the development and protection of intellectual property during the formative period for one of today’s leading cloud service providers.
Strategy, Finance & Planning
Peter specializes in the successful navigation of critical stages in the corporate lifecycle – start-up, growth, liquidity events, mergers and acquisitions, and reorganization. He has served as CFO and head of strategy for public and private companies, with substantial global experience. Peter is a Fellow of the Institute of Chartered Accountants in England and Wales.
Business Development & Marketing Strategy
Carl is a successful software business development, marketing and sales executive with 35+ year track record of generating revenue, driving customer and partnership growth and ensuring customer and partner satisfaction. Carl served as Vice President for Computer Associates (CA) over a 17-year career. For the last 15+ years, Carl has focused on Web security solutions.
Lead Technical Advisor
Professor Chandy is Head of the Department of Electrical and Computer Engineering at the University of Connecticut, and leads its Storage and Network Systems Laboratory (SNSL). SNSL is a research laboratory which engages in a wide range of experimental and theoretical systems research in distributed file systems, object-based storage systems, fault-tolerant systems, active storage networks, VLSI designs, FPGA architectures, hardware security, and cybersecurity education.
Lead Industry Advisor
David is a technology marketing and sales leader, with specific expertise in the fields of data management, storage, and network security. For more than a decade, David was a senior marketing executive with Computer Associates, holding responsibility for global marketing campaigns across multiple product lines, and working directly with C-level executives of most of the Fortune 500. More recently, he was co-founder of a full-service b-to-b marketing agency leveraging the unique experience of the co-founders in driving high performance marketing and demand generation.
Lead Product Advisor
Steven is a business-to-business (B2B) and business-to-government (B2G) technology sector innovator and executive with 25 years’ experience. He was a senior executive with Computer Associates (CA) after his time as a founder of the industry’s first storage and backup service provider (acquired by IBM). After CA, he co-founded a B2B marketing agency driving successful marketing, product strategy, innovation and metrics-based execution. Steven has also been an NYU adjunct professor in Management & Systems (STEM) and Integrated Marketing since 2010.
Lead Engineers
For over 26 years, NetWeb has provided enterprise class business software solutions, professional services, and innovative products to customers around the globe, including fortune 500 enterprises and large technology giants. Its forte is a unique blend of strong product development and IT service capabilities that enables NetWeb to provide the highest levels of reliability, quality, and innovation.