Binarii Labs' patented and certified solutions are live and deployed with paying customers. The company is in early commercial phase as it transitions from pilot and validation engagements into scaled market entry through approved hyperscaler marketplaces and channel partners.
Key highlights:
- Patents granted in UK and US (4 issued, 4 pending) . Standards achieved: ISO27001; SOC2; NIST CSF 2.0; HIPAA
- Company forecasting annualised revenues of c. EUR3m in 2027
- No debt on balance sheet
- Route to revenue very advanced - secured approvals and partnerships with major hyperscalers and global channel platforms.
- These platforms (with dedicated re-seller resources) include Amazon's AWS Marketplace, Microsoft Marketplace, Oracle Cloud infrastructure, and OVHcloud's marketplace.
- Almost EUR850k raised in this round with strong validation from a US-based strategic angel investor and 2/3 of the EUR850k coming from existing investors following their money.
- Information Security and Risk Management market growing at 21% CAGR to 2030 to more than EUR600 billion. Binarii's directly accessible market of Data Loss Prevention and data security tools is seeing 17% CAGR growth rates up to 2030 and an estimated market value of EUR88 billion.
- Promoters have invested EUR700k of their own capital in the business to date.
- The core technology platform is fully developed, market ready, internationally certified/compliant and continues to receive superb Enterprise Ireland support in the global market for its critical scale-up phase of expansion.
- Company has already achieved impressive traction and post pilot engagement/recurring revenues with early customers.
**** Pre-Investment Commitments***
There is a sum of EUR883k that is indicated on the status bar that is being invested through third parties in this round.
EUR635k from Irish based VC investors
EUR95k from UK and US investors
EUR153k from previous Binarii investors from Spark