Karachi NED University Alum's AI Startup Named "Most Innovative" at RSA Conference
By Riaz Haq
CA
Securiti-ai has been named the "Most Innovative Startup" at the RSA Conference in San Francisco, according to media reports. It has been founded by RehanJalil, a serial Silicon Valley entrepreneur of Pakistani origin who graduated from the NED University in Karachi. Jalil's startup is taking advantage of the growing global data privacy market being fueled by new regulations like European Union's GDPR and California's CCPA.
In a statement issued after winning the RSA award, Jalil said: “Privacy is a basic human right, and companies want to honor individual rights of privacy and data protection. Privacy compliance and operations are only getting more complex for businesses around the world, and we’re humbled that the judges recognized our vision for AI-powered PrivacyOps and data protection.”
Securiti-ai, a startup that recently raised $50 million in series B funding, is using artificial intelligence to help companies comply with customer data privacy regulations like EU's GDPR and California's CCPA. The startup has raised a total of $81 million in two rounds since its inception in 2019. Securiti.ai creates digital personas for each individual and finds copies of data shared across systems or with third-party vendors or partners to help companies comply with right-to-be-forgotten laws.
Companies using securiti's software begin by defining their data sources, then send out a bot that gathers customer data across all of the data sources they have defined. Securiti supports links to more than 250 common modern and legacy data sources out of the box. Once the bot grabs the data and creates a central record, humans come in to review the results and make any adjustments and final decisions on how to handle a data request from the customer.
RehanJalil is a successful serial entrepreneur. Elastica, his last startup in cloud security space, was acquired by Blue Coat Systems for $280 million. Prior to that, Jalil founded Wichorus and sold it to Tellabs for $165 million.
Karachi's NED University has produced many successful Silicon Valley entrepreneurs - Raghib Husain, Naveed Sherwani, RehanJalil and Khalid Raza just to name a few.
(RiazHaq is a Silicon Valley-based Pakistani-American analyst and writer. He blogs at www.riazhaq.com)
