Good times are rolling for Hungarian startup Tresorit. After impressive participation at a series of competitions and events last year – they were a finalist at the Global Security Challenge in Israel last September, and won the Central European semi-final at last year’s Intel Challenge in Poland – they incorporated, sat down and immersed themselves in coding. The result: a product in Beta phase, a substantial investment from a local VC fund, and a $60,000 BizSpark benefit to name a few.
This blog post is written by Monika Mork, in Hungary.
Tresorit’s team consists mostly of university students, who invented a smart way of file sharing over insecure channels and on insecure storage. Their solution is unique in providing access control without the need to reissue keys and re-encrypt the files whenever a new user is added or somebody denied access. Tresorit storage is especially convenient for small to medium sized companies who work with many clients, like law firms or accountants, who can share documents with their clients without security concerns or the need for infrastructure investments. What makes the solution special is its ease of use for collaboration scearnios at corporations as opposed to the limited file sharing capabilities that most of the competition offers today.
The Tresorit solution is compatible with some of the major free storage providers, but it was felt that public providers like Google might scare off traditional companies like law firms. Offering their own secure storage was a logical next step – enter Microsoft Azure. As high-potential members of the BizSpark program, Tresorit was recommended to and accepted into BizSpark Plus, and now they can explore various solutions without incurring high infrastructure costs at this volatile stage of the company.
The Hungarian incubation team is fully signed up for beta – you can do so yourself at www.tresorit.com. We’re very proud of this partnership and eager to hear the next wave of good news from the team.