BERKELEY, Calif., July 21, 2021 /PRNewswire/ — Kapalya Inc. has been awarded a National Science Foundation (NSF) Small Business Innovation Research (SBIR) grant for $256,000 to conduct analysis and improvement (R&D) work on an AI based mostly Advanced Counter Ransomware answer.
Kapalya has developed a complete enterprise-wide Encryption Management Platform (EMP) to encrypt unstructured information wherever it resides. One use case of EMP is information restoration on endpoints after a ransomware breach, WITHOUT any information leakage. To improve our present answer providing, we might be creating a sophisticated counter ransomware answer based mostly on AI, which can forestall, remediate and eradicate ransomware in lively reminiscence areas. Combined with our present answer, Kapalya will ship a complete anti-ransomware answer.
“NSF is proud to support the technology of the future by thinking beyond incremental developments and funding the most creative, impactful ideas across all markets and areas of science and engineering,” stated Andrea Belz, Division Director of the Division of Industrial Innovation and Partnerships at NSF. “With the support of our research funds, any deep technology startup or small business can guide basic science into meaningful solutions that address tremendous needs.”
“We are very honored to receive this award from the National Science Foundation. Winning this award endorses our counter ransomware deep-technology solution. Once fully developed, we will provide governments, enterprises and SMBs with a cutting-edge solution to protect their organizations against ransomware, which has become the main form of cyberattacks as shown by breaches at Colonial Pipeline and Kaseya. Our objective is to block and prevent ransomware attacks and to guard against data exploitation.” stated Sudesh Kumar, Founder and CEO of Kapalya.
Once a small enterprise is awarded a Phase I SBIR/STTR grant (as much as $256,000), it turns into eligible to use for a Phase II (as much as $1,000,000). Small companies with Phase II funding are eligible to obtain as much as $500,000 in further matching funds with qualifying third-party funding or gross sales.
Startups or entrepreneurs who submit a three-page Project Pitch will know inside one month in the event that they meet the program’s goals to help modern applied sciences that present promise of business and/or societal impression and contain a degree of technical danger. Small companies with modern science and know-how options, and business potential are inspired to use. All proposals submitted to the NSF SBIR/STTR program, also called America’s Seed Fund powered by NSF, bear a rigorous merit-based evaluate course of to pick just one out of 10 candidates.
About the National Science Foundation’s Small Business Programs: America’s Seed Fund powered by NSF awards $200 million yearly to startups and small companies, remodeling scientific discovery into services and products with business and societal impression. Startups working throughout nearly all areas of science and know-how can obtain as much as $2 million to help analysis and improvement (R&D), serving to de-risk know-how for business success. America’s Seed Fund is congressionally mandated by way of the Small Business Innovation Research (SBIR) program. The NSF is an impartial federal company with a funds of about $8.5 billion that helps basic analysis and training throughout science and engineering.
About Kapalya: Kapalya has developed an modern Encryption Management Platform (EMP), to guard and encrypt these unstructured information information wherever they reside. Using our patent pending know-how, organizations can handle all their encryption keys for unstructured information seamlessly by way of our platform. EMP additionally supplies true end-to-end encrypted file sharing and information restoration on endpoints after a ransomware breach, with none information leakage.
SOURCE Kapalya Inc.