Barrel Protocol

Consumer Data Compliance Automation

Cyber Security
Non Active, Jan 2020 ceased to operate

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 four investors, including Collider Ventures and NEO Global Capital. In September 2018, the company secured its seed funding 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, shorten sales cycles, and open new markets. Its core technology provides a consensus-driven protocol for building smart data contracts, focusing on consistent structures, quality assurance, and scoring, serving global markets.

Strategic signal

In September 2018, Barrel Protocol raised $4 million in a seed funding round. This investment highlighted investor confidence in its blockchain-based approach to consumer data compliance and automation, signaling a strategic move towards addressing the growing complexities of data privacy regulations like GDPR.

Company Intelligence Q&A

What is Barrel Protocol's primary focus?
Barrel Protocol focuses on consumer data compliance automation, utilizing an automated smart contract process to anonymize user data and streamline regulatory adherence.
When was Barrel Protocol founded?
Barrel Protocol was founded in January 2018.
Who are the founders of Barrel Protocol?
Jonathan Meiri is the founder and CEO of Barrel Protocol.
What was a significant funding event for Barrel Protocol?
In September 2018, Barrel Protocol raised $4 million in a seed funding round from investors including.
What is the status of Barrel Protocol?
Barrel Protocol is currently non-active and ceased to operate in January 2020.

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