Piiano, a Tel Aviv-based investor, wants businesses to protect their customers' data. Today, the company announced a $9 million round of funding led by YL Ventures. This group includes Snyk founder Danny Grander and Armis cofounder Nadir Izrael. Also, Papaya Global cofounder and CEO Eynat Gez, Wiz cofounder Yinon Costica and well-known angel investor Ariel Maislos.
Piiano believes data breaches are almost inevitable. Therefore, it is important to make sure that user data is free from personally identifiable information (PII) so that you can trace the origins of the company and fully pseudonymize customer details. The company claims that the current methods of protecting this data are not effective. Many companies don't know where their PII data is located, which is why visibility tools are so popular.
Gil Dabah, co-founders of Piiano, and Ariel Shiftan, the company's CEO, compared it to how governments handle classified information. They remove the information and keep the originals in a secure place that only a few can access. If someone has access to the redacted document it is no longer interesting because the hacker can't find any of the most critical data.
We are trying to make Piiano as private as possible, Dabah stated. Data breaches can happen in a matter of minutes and reduce privacy risks to zero. This is the essence of the game. It's all about privacy, hackers will be able to get into your system. We must do something about this system.
Piiano offers tools to pseudonymize data and a safe place for original data to be stored in a vault that restricts access.
Our innovation is to simply pseudonymize data sets and segregate PIIs into a single place that you can watch for them and ensure their safety.
Piiano is a comprehensive solution that offers businesses more options than the current tools available. Businesses must also change their cultural and technical approach to privacy. Although this may make it harder for companies to use its tools, the team believes it helps developers embed privacy and security into their code rather than having to add it later.
Piianos' second solution, The Vault is self-hosted in a cloud. Customers' data is never lost in this way.
