Barrel Protocol

Company Overview

Snapshot

Founded in January 2018 by Jonathan Meiri, Barrel Protocol operated with 1–10 employees. The company secured funding across one round from four investors, including Collider Ventures and NEO Global Capital. In September 2018, Barrel Protocol raised $4 million in a Seed round.

Business overview

Barrel Protocol specializes in consumer data compliance automation within the Cyber Security sector. The company develops a solution that anonymizes user data through an automated smart contract process, aiming to reduce costs associated with GDPR compliance and streamline data integration. Its core technology provides a consensus-driven protocol for building smart data contracts, focusing on consistent structures, quality assurance, and scoring. Barrel Protocol serves global markets, operating in areas such as data protection, blockchain, big data, privacy protection, and artificial intelligence.

Strategic signal

In September 2018, Barrel Protocol successfully raised $4 million in a Seed funding round. This capital infusion, supported by investors like Collider Ventures and NEO Global Capital, validated the market's interest in its blockchain-based solution for consumer data compliance and its potential to address GDPR challenges, signaling early investor confidence in its technology and business model.

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.