Qohash Secures $8M in Funding With Cutting-Edge Data Security Solutions Helping Companies Stop Global Increase in Data Breaches

Table of Contents

(Quebec City) Jan. 14, 2021: As industries continue to face economic upheaval in the wake of COVID-19, data security startup Q​ohash​ has announced raising CAD 8 million in a Series A round of funding led by FINTOP Capital. Qohash is the next generation of security for a data-driven world through trailblazing solutions and inclusive company culture.

In the last year, tens of millions around the world now telecommute. In Owl Labs’ “State of Remote Work” report, 52% of employees work remotely at least once per week. The influx of millions operating on personal, unsecured computers gave rise to a wave of cyberattacks in 2020, critically impacting some of the world’s largest brands. According to ISACA, the financial fallout is projected to reach USD 6 billion.

Now more than ever, consumers look for a deeper level of trust regarding their data’s custodianship, and companies have a greater responsibility to protect their customers’ sensitive data. Working with leading financial institutions seeking smarter applications that seamlessly adapt to remote work complexities, Qohash’s data security technology is designed to meet an ever-changing landscape.

Far too many companies are unwittingly using data security technologies that are cumbersome and outdated, leaving them unable to face today’s challenges, let alone equipped to anticipate tomorrow’s. Qohash is the disruptor in an industry that is becoming antiquated and its technology obsolete.

Qohash’s flagship SaaS platform Q​ostodian™ allows companies to monitor sensitive data flow between employees and their personal computers and accounts to detect high-risk situations in real-time. Qostodian™ makes it possible to secure data with superior deployment, cost, and performance parameters. ​Qostodian Recon​™,​ an on-premise platform, empowers firms to find and classify sensitive data on network drives and servers — processes that used to take hours now deliver results in minutes.

“Customers want data protection that can evolve to meet new challenges,” said Qohash CEO Jean Le Bouthillier. “Qohash’s solutions are easy to deploy and cover on-premise and cloud-based sources. Working with security-conscious, industry-leading firms, Qohash has helped them achieve their goals faster and with greater flexibility.”

With plans to expand across North America and accelerate commercialization, Qohash has also announced that John Philpott, General Partner of FINTOP Capital, and Laurent Simoneau, President and CTO of Coveo, will join Qohash’s Board of Directors.

“We are investing capital into a company with a laser focus and commitment to deliver data security solutions that are highly accurate and easy to operationalize,” Philpott said. “It’s our view that the discovery, control, and risk management of sensitive data is a top priority for companies continuing the accelerated move to remote work and zero trust distributed architectures.”

As remote working becomes the new normal, data security should be a top priority for any business. ​Qohash​’s passion for helping keep businesses secure with 21st-century solutions to mitigate risks is at the core of their success.

Because Qohash is the future of data security, and that future is now.





About Qohash:
Qohash is a leader in data security software development that blends innovative and easy to understand security technologies, allowing businesses to gain visibility on sensitive data. Founded in 2018, Qohash is currently available in the U.S. and Canada and has scaled rapidly to provide customers with solutions tailored to meet today’s hybrid and remote work environments in the financial services sector.

About FINTOP Capital:
FINTOP Capital is a venture capital firm focused on Financial Technology (FinTech) companies with offices in Nashville, Tenn., St. Louis, Mo., and New Jersey. They bring strong networks, experience, and capital to entrepreneurs building B2B service-enabled SaaS and software companies in the FinTech space. To learn more, visit​ www.fintopcapital.com.​

Media Contact:
Sophie Lapointe
Head of Marketing
Qohash Inc.
(418) 261-4727
[email protected]

Product:

www.qohash.com

Related links:

https://www.owllabs.com/state-of-remote-work

https://www.isaca.org/resources/news-and-trends/industry-news/2020/top-cyberattacks-of-2 020-and-how-to-build-cyberresiliency

A propos de l'auteur

A propos de l'auteur

FR Lorem ipsum dolor sit amet, consectetur adipiscing elit. Etiam eu turpis molestie, dictum est a, mattis tellus. Sed dignissim, metus nec fringilla accumsan, risus sem sollicitudin lacus, ut interdum tellus elit sed risus.

Recommended for you

The high price of trust - the true cost of insider threats new
Organizations spend significant time and money mitigating external security threats.  While these efforts are absolutely necessary. ...
5 best practices for rolling out your insider risk management program
The way we do business is continually shifting. In the last three years, workforces have gone fully or partially remote, data has migrate...
The true cost of non-compliance - can you afford the risk
A tightening regulatory climate As data multiplies, so do the rules around collecting, using, and protecting other people’s personal, ...
Data classification and inventorying - The foundation of regulatory compliance
Succeeding as a business means capitalizing on data, and managing that information effectively means complying with regulations. These gu...
MTL Connect Oct 12-17 2021 Virtual Event
For the third edition of Montreal Connect, we’re happy to announce that Guy Veilleux, Head of Partnerships at Qohash will be speakin...
Qohash Launches New Qostodian Recon™ Product to Help Organizations Discover and Secure Their Sensitive Data
Qohash’s enterprise-grade data discovery technology is now available for mid-sized companies that want to identify and secure sensitive d...

Contact us​

Sensitive data inventory
Meet PII and PCI audits
Ensure GDPR, NYDFS compliance
Improve data governance
Drive SOC 2 certification
Insider threat monitoring
Lockdown endpoints
Detect policy violations in real-time
Expedite investigations
Quantify risk levels for the Board
Defying legacy limitations
What our customers say