Nexodata
Track on RadarNexodata protects backup data from ransomware via encrypted multicloud distribution.
- Total raised
- $6.65M
- Employees
- 7
- Founded
- 2017
- Momentum
- —
Data updated August 2026
About
About Nexodata
At a glance
Nexodata is a cybersecurity company specializing in Data Protection, founded in 2017 and headquartered in Toronto, Canada. It has raised $6.65M in total funding, employs about 7 people, and is privately held.
Nexodata is a data loss prevention software company focused on protecting organizations from ransomware-related data exfiltration. The company offers a patented technology called Cryptographic Data Loss Prevention (C-DLP), which encrypts, fragments, and distributes data chunks across multicloud backup environments to prevent unauthorized access and data theft. The core technology uses a convergent-all-or-nothing-transform (CAONT) approach, where data is split into fragments distributed across multiple nodes or sites. No single node holds enough fragments to reconstruct usable data, providing resilience against cyberattacks. The solution is described as quantum-safe, meaning its security does not rely on computational assumptions that could be broken by advances in computing power. Nexodata's software consists of two components: - nEdge: a storage proxy deployed at the edge to pre-process data and provide unified storage - nCloud: an agent deployed in each cloud for data management and repair The solution integrates with existing backup software and hardware infrastructure and supports public, private, and hybrid multicloud environments. It also incorporates patented Network Coding technology that enables faster recovery of compromised sites. Beyond security, the company claims a 25% improvement in data storage efficiency, which it positions as an operational cost offset. The product is priced on a per-month, per-stored-data-volume basis. Target users include enterprise CISOs and CIOs seeking ransomware resilience, faster incident recovery, and improved disaster recovery readiness. The company positions its solution as an upgrade to existing data backup infrastructure.
Momentum
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Valuation
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Funding
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FAQ
Frequently asked questions about Nexodata
When was Nexodata founded?▾
Nexodata was founded in 2017.
Where is Nexodata headquartered?▾
Nexodata is headquartered in Toronto, Canada.
How much funding has Nexodata raised?▾
Nexodata has raised a total of $6.65M in total funding.
Is Nexodata public or private?▾
Nexodata is a privately-held company.
How many employees does Nexodata have?▾
Nexodata has approximately 7 employees.
What does Nexodata do?▾
Nexodata is a data loss prevention software company focused on protecting organizations from ransomware-related data exfiltration. The company offers a patented technology called Cryptographic Data Loss Prevention (C-DLP), which encrypts, fragments, and distributes data chunks across multicloud back…