Barrel Protocol
Consumer Data Compliance Automation
Company Overview
Snapshot
Founded in January 2018 by Jonathan Meiri, Barrel Protocol operated with 1–10 employees. The company raised $4 million across one funding round from 4 investors, including Collider Ventures and NEO Global Capital. In September 2018, Barrel Protocol secured $4 million in Seed funding.
Business overview
Barrel Protocol develops solutions for consumer data compliance automation, focusing on anonymizing user data through smart contract processes. The company's core technology aims to reduce costs associated with General Data Protection Regulation (GDPR) compliance, shorten sales cycles, and lower integration costs. It provides a consensus-driven protocol for building smart data contracts, ensuring consistent structures, quality assurance, and scoring. Barrel Protocol serves industries requiring robust data protection and compliance, operating within the Cyber Security sector, with a focus on data security, cryptography, DLT & Blockchain, and artificial intelligence.
Strategic signal
In September 2018, Barrel Protocol raised $4 million in Seed funding. This investment, with participation from Collider Ventures and NEO Global Capital, signaled early investor confidence in the company's blockchain-based approach to consumer data compliance and its potential to address GDPR challenges. The funding was a critical step in advancing its platform for automated data anonymization and smart contract development.
Log in to access full profile ›Company Intelligence Q&A
- What is Barrel Protocol's primary focus?
- Barrel Protocol focuses on consumer data compliance automation, utilizing smart contract processes to anonymize user data and streamline regulatory adherence.
- When was Barrel Protocol founded?
- Barrel Protocol was founded in January 2018.
- Who is the founder of Barrel Protocol?
- Jonathan Meiri is the founder of Barrel Protocol.
- What significant funding did Barrel Protocol receive?
- In September 2018, Barrel Protocol raised $4 million in Seed funding from investors including.
- What is Barrel Protocol's operational status?
- Barrel Protocol is currently non-active, having ceased operations in January 2020.