Overview - Sharewell Limited

ShareOptic provides sophisticated cyber security solutions that actively prevent data theft by tracking who is sharing what, with whom and when. To date, we have been funded by industry leaders IBM, Microsoft & Rackspace.

About this pitch

Sharewell Limited trading as ShareOptic is a cyber security startup based in London, UK.  We believe we have the   potential to revolutionise the future of cyber security solutions, with our highly advanced disruptive product - shareOptic.

The ShareOptic cloud security product is a powerful capability to safeguarding organisational data placed into products such as Office365. The tool prevents employees and partners who an organisation collaborates with from mis-sharing confidential data. The product dynamically checks every recipient of a data sharing invitation, and if a threat is identified, it automatically restricts access. The application also provides a solution to the BYOD challenge when utilising Microsoft’s Office365 or Google’s G-Suite.

 Five Key Security Problems (use as the heading in the image)

1. Cost of cyber-crime - continues to rise exponentially, with the cost expected to hit $6 trillion in 2021. PWC‘s research undertaken for HM Government has highlighted that the average cost to resolve a single data breach for an organisation is between £1.5 million to £3 million, with 75% of such security breaches being due to the actions of internal employees.
   
   

2. Data Regulation - Organisations are challenged by new data regulation‘’  which the EU will shortly bring into force. This new data compliance regulation will severely punish organisations who experience data breaches, with fines of up to €20 million. or 4% of global turnover.  These new compliance regulations will apply to anyone who handles data on EU citizens, regardless of the company's geographical location.
   
   

3. The Mobile (Bring Your Own Device) - Employees’ bring in devices that can be used to access sensitive data that the corporate holds. These data can then leave the premises where it is vulnerable to interception.  e.
   
   

4. Media Leaks - can lead to significant reputational and financial loss   for companies. There is no dynamic method which automatically checks and ensures that no organisational data can be leaked to a media organisation.
   
   

5. Utilisation - Research has shown that companies worldwide have historically purchased cyber security toolsets but due to complexity or the management overhead, they have failed to utilise them, thus never realising a return on investment. Companies require solutions that have minimal configuration and zero management requirement which resolve problems without human input.

ShareOptic have developed an advanced cyber security solutionthat allow individuals, companies and government bodies to actively monitor the documents and files they have shared online. Harnesses the power of real-time cyber intelligence feeds combined with the display of ‘active’ data shares the user can review and manage connections to data.

We do this via:

Our advanced cyber security solution, (available at https://shareoptic.com), harnesses the power of real-time cyber intelligence feeds to identify all current global criminal entities involved in cyber crime. We actively remove access to any such criminal entity that possesses access to confidential data within organisations.
The solution is proactive, in that it can take action prior to a data breach occurring. It is also reactive if a user's account is highlighted as compromised and needs immediate attention.
We solve the global security challenge by introducing outward facing cyber protection, thereby reducing data breaches which originate due to human error, or malicious action in the workplace.

Our cyber security solution is primarily a B2B offering, although it is also available to individuals within the B2C marketplace, as it actively protects users of Google & Microsoft cloud technology.

Benefits of ShareOptic

Our cyber security product is both disruptive to the market, and unique in its offering:

• The solution does not require detailed configuration, management or training.

• The product is fully autonomous and designed to provide value from the first minute of usage.

• We remove any dangerous applications installed on any device, including Mobiles, Laptops, Desktops & Tablets) without any installs or interaction with the user.

• Our use of criminal activity intelligence data protects our customers from prominent threats in real time.

• We offer a truly clientless solution, which means there are no downloads, no installs, nor any new usernames/passwords to remember.

• We actively help highly regulated organisations to dynamically meet their data compliance requirements.

Customer Base

Our existing customer base is primarily within the Financial Services sector, and other heavily regulated industries. Both Interserve & Metro Bank have expressed their written interest in commencing trials of our new version on Microsoft, which we released to the market during January 2017.  These two organisations showed active interest in our offering prior to the product being brought to market, which clearly reflects the interest shown within key sectors. Furthermore we are at this time actively commencing trials with leading brands such as the Financial Times.

Funding (To-Date)

Utilising the skills of our team we have developed a product and achieved our initial goals with £100,000 of seed funding, together with filing  three patents requests with the UK IPO and three with the US IPO. In addition,financial assistance has been provided by Microsoft, IBM and Rackspace which totals circa £130,000.

 Pricing

Our compelling product comes with a reasonable cost model, starting commercially at $1 per month / per user.   We charge in dollars to better interact with customers within the global cyber security marketplace.
We also offer a limited, free entry version of our product that provides potential customers with an experience of the power and capability of shareOptic. This stands us apart, as no major cloud security provider grants an instant opportunity for potential customers to experience cyber protection

Funding (Required)

We are eager to now take the next step of our journey, by utilising Round 1 funding (EIS/SEIS), to launch and expand our customer base. We are seeking up to £375,000, which we would focus 80% of the investment into Marketing & Sales, to drive and expand upon our existing customer base, and 20% for continued innovation & development.

 As of February 2017 we have protected our customers by:

• Managing the security of over 556,000 confidential files.

• Undertaking security scans on more than 1 million email addresses

• Conducting security checks on over 50 billion compromised accounts globally.