InCountry lands $7M in seed funding to help companies comply with data residency laws - SiliconANGLE
2 May 2019 4:00 PM IST
InCountry lands $7M in seed funding to help companies comply with data residency laws - SiliconANGLE
- InCountry lands $7M in seed funding to help companies comply with data residency laws
- Startup InCountry is exiting stealth mode today with $7 million in seed funding as it launches its first data-residency-as-a-service offering, designed to help companies adhere to rules requiring personal data to be stored in the country from which it originates.
- In recent years, as concerns about personal data privacy continue to rise, dozens of countries are insisting that internet firms store data on their citizens within their national borders.
- InCountry said the rules are often so confusing, not too mention constantly changing, that as many as 74% of companies operating in the EU still don't meet its data residency requirements as stipulated under the General Data Protection Regulation introduced last year.
- "The rollout of GDPR last year in particular has focused attention on profile and registration information, and there are many additional regulations rolling out elsewhere, including here in California," Yared said.
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