COLUMBUS, Ind. (Inside INdiana Business) – A Columbus-based software startup aims to help companies save, transfer and share sensitive data securely and efficiently. Mockingbird Ventures LLC recently received a US patent for its DEXUSshield platform, which enables companies to selectively share encrypted data with other companies without sharing their private encryption keys.
According to Chief Executive Officer Lori Cobb, the technology was originally developed for the off-highway equipment industry. “A lot of companies want to take advantage of data sharing, but they don’t always want to share all of the data.”
In an interview with Inside INdiana Business, Cobb said many companies are concerned about the accidental disclosure of company information.
“They had seen it in applications where people were exposed to it and didn’t know that it was sensitive to them as customers and that they would accidentally pass something on,” Cobb said. “For example, we had a construction fleet customer who accidentally shared some locations of his rental equipment with a competitor; That competitor could then see that there was a potential job opportunity and bid on it. “
Cobb is a former employee of Cummins Inc. (NYSE: CMI) based in Columbus, which is where she first noticed the problem. With the newly acquired patent for DEXUSshield, says Cobb, the company wants to expand the platform and its sales.
“We would like to license the technology to other companies who either find it useful in their technology offerings or just want to integrate it into their platforms,” she said. “We started with the off-highway telematics market, but there is a much broader application to health and financial information, really any kind of data a company wants to protect.”
According to Cobb, the company also plans to further develop its API platform for DEXUSshield so that companies can download the software and use it as needed without extensive code changes to their systems.
Mockingbird Ventures currently has three employees, but Cobb says the company hopes to grow to 15 to 20 employees over the next few years to bring the platform to market once more funding is secured.