Q&A with Francis Pun, Co-founder and CEO
What’s your company’s origin story? What brought your team together?
Nexodata was formed in a serendipitous collision between our unique expertise in ransomware protection and funding from prominent Canadian deep-tech angels and advisors.
We’re a recent immigrant team that is on-shoring our research process, while launching our game-changing product in Canada. Our CTO is from Pakistan, our Solution Architect is from Ukraine, and our CEO is a first-generation immigrant who spent 25+ years in international assignments with top multinational technology firms.
Pitch your company to us as if we’re an individual or organization that thinks cybercrime is “someone else’s problem.”
Ransomware is growing significantly and strikes without notice, hitting corporations and individuals. At Nexodata, we hit the heart of the problem with a cryptographic data loss prevention solution that serves as the last line of defence against ransomware attacks for our customers.
Our solution provides peace of mind to 2 key cybersecurity decision makers at an organization: the CISO and the CIO.
The CISO is concerned about both cybersecurity resiliency and disaster recovery readiness. We address both by mitigating the downtime effects of a cyberattack against the most attacked infrastructure (the data backups).
The CIO is concerned about system and resource demands to maintain efficient operations. Nexodata offers 25% efficiency and the constant monitoring of an organization’s mission-critical data repositories.
Given that cybersecurity risk is global, where do Canadian companies fit in? What can we do better than anyone else?
At Nexodata, we value Canada for its 3 Cs: Culture, Customers and Costs. Cultural value is found in both Canadian talent, and in the support of innovation. Our customer base is building appropriately without becoming overwhelming. Finally, the efficiency to market is highly advantageous at our current growth stage.
It is this Goldilocks-zone of factors that we believe is crucial for driving excellence in Canadian cyber.
What excites you about the work being done in cyber in Canada right now?
Awareness in Canada has grown in multiple directions lately. Most prominently, it has become industry-specific, and industry peer-awareness has increased. The risk is hitting closer to home.
The prominence of the topic is exciting, whether it is a negative news article or plans to address the topic. Bringing the whole ecosystem together to drive a bigger picture, and to capture more executive mindshare, is really inspiring to us.
Where and how do you want to see your product or service make an impact in the next five years?
We have an exciting roadmap to solve critical issues with ransomware protection, including quantum-resiliency. Because of our software integration ability, we see Nexodata scaling to be the last line of ransomware defence for enterprises across a host of industries, including dual-use opportunities with governments and defence forces.
