Ajay Jotwani, a former vice president of Digital Workplace Services (DWS) at IBM, has launched a new cybersecurity startup.
i2Chain claims to enable companies to comply with regulations like GDPR and empower users to be in complete control of their information and identity. The San Francisco-based start-up, which is currently in stealth mode, will look to leverage natively secure Blockchain technologies.
Jotwani’s expertise over the previous 15 years has enabled securing and managing information and core content repositories of global Fortune 1000 companies. With expertise in cyber security, information management and infrastructure operations, he boasts over 20 years of leadership, product management, business development and global operations experience.
He was previously the founding vice president of DWS, a new business segment envisioned & incubated under his leadership, which delivered approximately $1B signings run rate in under a year. Prior to IBM, Jotwani held leadership and executive positions with Wipro, Mphasis, and others in the areas of global Infrastructure services and Security services.
“The two assets – Information and Identity never ever lose value. i2Chain, as a pure-play cyber security enterprise will dedicate itself to the sole purpose of protecting Information and Identity,” he said.
According to recent research by RegTech Analyst capital invested in Cybersecurity during first quarter of this year declined by half compared to Q4 2017. Total investment in Q1 2018 reached just $725.8m, a fall of 47.7% from the previous quarter. However, compared to the same quarter in 2017, total funding increased by 27%.
The drop in investment in Q1 2018 can be attributed to a lack of later-stage deals valued above $100m. The $725.8m invested in Q1 2018 equates to just 15.7% of last year’s total funding. Thus, if investment continues at this pace, it is not projected to surpass 2017’s total. However, investment was similarly slow at the beginning of 2017 and gained momentum later in the year. Deal activity was also slightly behind pace in Q1, standing at 44 deals which represents 20.6% of the total number of deals closed during 2017. That figure stood at 67 deals at the end of Q1 2017.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
