Nexodata Inc

Developed from years of university R&D, Nexodata serves as a last line of defence against ransomware attacks for mission-critical data repositories. It is a cryptographic data loss prevention software that installs into existing IT infrastructure. Economically, the solution mechanism improves data storage efficiency by 25%, thereby providing a positive ROI and ESG benefits. It is a scalable and economical approach to counter ransom demands and to mitigate millions in costly operational downtime. The differentiating innovation is network coding - a technique that encodes data across multiple storage nodes, significantly enhancing data retrieval speed, storage efficiency, and repair capabilities. Nexodata has patented this solution for data centers storage and repair applications. The proposition is a software defined storage (SDS) solution employed into a hybrid cloud or private datacentre environment. The solution encrypts and separates the data into multiple chunks so that it can be stored in separate locations. To restore the data, the chunks are merged together and decrypted. The resiliency part is that the data can be recovered even if a few chunks of data become corrupted.