Photo - VIREVAULT
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VIREVAULT

Cyber Security as a Service

Malaysia
Market: Internet and IT, Consulting, Telecommunications, Services
Stage of the project: Prototype or product is ready

Date of last change: 22.09.2021
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Idea

We envision Virevault as a visibility platform to decision makers in guiding them to better risk level information and an automation tool to businesses for seamless risk mitigation implementation.

Current Status

The platform already on beta stage transition from client-based app to web-based app. We use as our internal tool to validate our market. We managed to transact revenue (up to USD100,000.00 to date) on our services through this platform. We also had showcase the product to clients and partners. The platform is being used as a validation tool and also lead generation. We are still fixing the errors and bugs before official launching the platform.

Market

Small Medium Business
Manufacturing
BFSI

Problem or Opportunity

Cyber Security is very complex to understand. Layered of technology being implemented but still businesses experienced breaches and attacks. Besides, lack of competence people due to shortage of capacity building in the Cyber Security becomes more critical. Cyber Security is also not being addressed as essential process in business governance, hence, it's never get addressed in Board Meeting.
You can see everyday even big enterprises, government, banks that are equipped with high-end technology still facing data breaches.

Solution (product or service)

How we addressed this problem by understanding their cyber security current state gap. Through this data, we will provide risk-level that they are exposed to with quick mitigation that are based on compliance standard. e.g. ISO27001. So the businesses can make an informed decision of what's risk they are exposed to, what vulnerabilities that can fix quickly. Besides, we also provide high-level compliance report based on best practices that applicable to businesses.

Competitors

Security ScoreCard
Immuniweb
Tenable

Advantages or differentiators

Most of the product in the market focuses on Technical Analysis instead of Risk Level and Business Impact. We have to go to multiple platform to get risk level and do compliance checking and googling around on the available solution to address the solution.

Finance

Freemium
On-Demand - start from USD50
Subscription - start from USD1000

Business model

B2B Platform for:
Businesses to use our platform as an operational tool
Consultants to use our platform as a business tool
Service Partners to use our platform as a Lead Generation tool

Money will be spent on

60% on resources
20% on marketing
15% on R&D
5% on IP

Offer for investor

It can be equity offerings or partnership.

Team or Management

5,00
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Presentation