XOR's Distributed Architecture Keeps Data Behind Client Firewalls
Mike Cook · EP 593: XOR Data Announcing $2m Funding Round Live, Invested $800k Before Any Revenue with CEO Mike Cook · Mar 9, 2017 · at 5:53
Mike Cook, founder and CEO of XOR Data Exchange, explains to Nathan Latka how XOR's distributed data exchange enables secure enterprise authentication without centralizing data.
0:00 / 0:21exact quote · 21.7s
720p mp4 · rendered on demand · StarZero watermark
“We're trying to create different data systems where for instance, in that example, we would try and say, hey, let's do this through a distributed exchange. Chase, all of that data you have on your customers, you hold it behind your firewall. AIG, same thing. You hold it behind your firewall. And when you want to request, we'll ping out inside the firewall so that the data never has to leave AIG or Chase.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Mike Cook
Large Enterprises Distrust Traditional Credit Bureaus and Data Brokers, Says Cook
“They don't like sharing that data through the traditional sources today, like through the big three bureaus or through data, data brokers like LexisNexis, because they don't really have a lot of accountability. They can't really see where that data goes.”
Falling Unicorn Valuations Are Making Series B Rounds Harder to Raise
“The unicorns come out, and here's our high valuations. Well, their valuations are coming down. And I think that kind of hurts the VC marketplace. So raising series B is, is more difficult.”
XOR Data Exchange Announces $2 Million Funding Round Live on Air
“And we're going to close on another two million here today.”
Cook Predicts XOR Will Be Cash Flow Positive by End of 2017
“So for me, when we exit 2017, we will be cashflow positive.”