iQVCloud

About iQVCloud

iQVCloud, Inc. operates as an information security company, providing solutions to protect data at rest for a diverse client base that includes individuals, enterprises, and government agencies worldwide. The company was established in 2012 by Michael Riggins, who serves as the CEO. Drawing from years of experience in consulting and business development within the technology sector, Riggins identified a different approach to cybersecurity. His philosophy centers on the assumption that unauthorized access is inevitable, and therefore, the primary goal should be to ensure that any compromised data is indecipherable and useless to intruders.

The company's core product is iQvault, an information security platform launched in February 2021 designed to provide real-time protection against cyber threats. The patented technology operates by employing a method of randomized sharding. It fragments data files into random pieces, or "shards," removes all metadata and identifiers, and then stores these shards across various user-chosen locations, which can include public clouds like AWS and Google or private on-premise servers. This process, combined with powerful encryption for each shard, makes it exceedingly difficult for an attacker to reassemble the data in a readable format, as the reassembly can only be performed by the originating server through an authorized user account. The technology has undergone rigorous testing by corporations such as Lockheed Martin and Booz Allen Hamilton.

iQVCloud is a Nevada corporation with offices in Los Angeles, California, and Reno, Nevada. The company generates revenue and in August 2023, it secured $3.01 million in a Later Stage VC funding round. Its business model appears to involve direct sales and is exploring licensing to resellers to expand its market reach.