Red Cell Introduces Eyris to Revolutionize Data Protection and Cybersecurity

By Stefania Viscusi March 19, 2024

Red Cell Partners (Red Cell), an incubation firm specializing in rapidly scalable, technology-driven ventures for advancements in national security, cyber, and healthcare, has announced it received $3 million in pre-seed funding for Eyris, a digital infrastructure platform for cybersecurity, secure communications, and data protection.

Eyris is a suite of blockchain technologies that provide sophisticated security solutions and robust ransomware mitigation for the Department of Defense (DoD), the Intelligence Community, and the private sector.

What sets Eyris apart is its cloud- and encryption-agnostic approach, enabling seamless integration with various cloud providers and encryption methods - meeting diverse customer needs.

Founded in 2023, Eyris emerged from stealth mode under the leadership of Kevin Keaton, a seasoned U.S. Army veteran and former Chief of Innovation for the National Security Agency (News - Alert) (NSA).

With over three decades of experience in the national security landscape, Keaton has a deep understanding of the pressing demand for secure technologies to help bolster enterprise IT environments and mitigate risks. This has been instrumental in Eyris's vision and development.

“Resilient and secure technological infrastructure is critical for the security of the United States as well as public and commercial entities worldwide,” Keaton said. “At Eyris, we are committed to delivering that infrastructure so we can provide an unmatched level of data protection that makes it harder for cybercriminals to inflict harm and easier for entities to safely operate and overcome attacks.”

Eyris's public debut also marks the inaugural launch under Red Cell's newly established Cyber Practice. Spearheaded by George Barnes, former Deputy Director of the NSA and collaborator of Keaton, the Cyber Practice aims to drive forward-thinking solutions in cybersecurity.

“Cybercrime presents a rampant and persistent threat to an ever-broadening span of victims, from private citizens to industries of all types and sizes,” said Grant Verstandig, Red Cell Founder, Chairman, and CEO, and Co-Founder of Eyris. “In 2023 alone, the FBI reported that it received more than 800,000 cybercrime-related complaints. It also revealed that victims experienced more than $12.5 billion in potential losses, a staggering figure that far surpasses the $6.9 billion in losses reported in 2021.”

“That’s why we need a company like Eyris, which was purpose-built to secure infrastructure and data by utilizing state-of-the-art blockchain technology that easily interfaces with existing applications,” Verstandig added. “Eyris’s Number One goal is to deploy data protection technologies that thwart cyberattacks so that enterprises worldwide are more secure, resilient, and in control.”

Edited by Greg Tavarez
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