Vaultree,a 2023 World Economic Forum Technology Pioneer, has developed technology that it says allows companies to perform computations, searches or analytics on data without first needing to decrypt it. The Irish scale-up counts companies in the healthcare, financial services, telcom, and travel sectors among its clients.
In October Vaultree presented its technology to Europol, demonstrating how its tech can process encrypted images to allow law enforcement agencies to create collaborative data sets without exposing sensitive information. This week the company presented to South Korea’s leading companies as part of an Irish government delegation.
The ability to perform processing on encrypted data has the potential to increase trusted data collaboration and solve major business challenges faced by companies,
“We are creating a whole new universe of opportunities,” says Ryan Lamailli, who co-founded the company in 2020 along with Maxim Dressler, Shaun Mc Brearty and Tilo Weigandt. “This applies to every vertical because everyone who generates data and works with data has sensitive data or is exposed to it.”
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