Walt Runkis
Clinton, MS (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
BitSpray Corporation
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Startup
Location:
Clinton
Industry:
Technology/Web
Year Founded:
2011
Number Employees:
10-50 people
Business Stage:
Growth (not profitable)
Entity Type:
"C" Corporation
Description:
BitSpray Corporation is a pre-revenue, marketing stage company, founded June 13, 2011, to create a world-class organization capable of commercializing its BitSpray™ Advanced Data Dispersion Technology™. BitSpray is a patented (US Pat. No. 8,700,890), disruptive, dual use, cyberdefense technology. It does not protect networks and datacenters; it empowers information to protect itself. BitSpray technology is not another cyber widget; it is a computer-to-computer, cryptographic, communication network which is configure in such a manner the network, itself, becomes a new form of cryptography. The cutting-edge BitSpray Xtreme™ software that implements the teachings of the patent art is deployed as a virtual thin client solution which provides the highest level of person-to-person, roll-based, data-level security, persistence and high availability—on or off the cloud. This unique technology makes it a near-impossibility for data stored or transmitted in a BitSpray network to ever be lost, stolen, vandalized, hacked or cracked. Information is ever present and always available. Intrusions like man-in-the-middle attacks and denial of service attacks become exercises in futility, and natural and manmade disasters have little to no effect. And the best news of all is data never needs to be backed up, unless archival copies are required. Insiders who studied it have commented it has the potential to become the “standard model” for transmitting and storing information—“What the telephone was to the telegraph.” A well seasoned management and technical team is in place. An aggressive promotion and marketing program is ongoing. The US Army recently requested BitSpray software to be included in a classified cyberdefense pilot project and the Company gave them access to it today (August 18, 2014). BitSpray Corporation is seeking to raise $5M in A Round capital to expand the infrastructure it needs to meet the growing demand for its products and services. A recent evaluation of the Company was prepared by a well-known asset management group. They concluded: a) post money valuation, $140 million; b) 5-year terminal value, $3.6 billion; 3-4 year revenue, $760 million. Interested parties should visit: (URL removed) and (URL removed).