The pandemic has exponentially increased the number of digital interactions. The unprecedented, rapid, and massive shift to remote work introduced new security vulnerabilities. Companies were forced to ensure that identity management and private data was protected just as it was in a traditional office setting, introducing new challenges to address the new reality. 55% of business leaders recently surveyed indicate that their companies made investments in new identity security capabilities since the start of the pandemic. Anonybit is a provider of biometrics infrastructure solutions that allow security and identity solutions providers and enterprises to decentralize biometric data into anonymized bits that reside in a peer-to-peer network. Available as an SDK, Anonybit is a lightweight, easily integratable solution that is versatile enough to serve the Identity and Access Management (IAM) market in the enterprise and also consumer-facing needs such as password/account management for user accounts. With sensitive data now spread across the network, companies become less prone to attacks from hackers and data becomes more secure as there isn’t a central database to serve as a target. AlleyWatch caught up with Anonybit Founder and CEO Frances Zelazny to learn more about the benefits of decentralization when it comes to personal data and identity solutions, the company’s total addressable market, future strategic plans, and recent round of funding from Switch Ventures, NextGen Venture Partners, Industry Ventures, Preceptor Capital, and several strategic angel investors.
It’s estimated that Americans spent $110B in 2021 on their pets. Given this massive market, there has been very little in terms of innovation and design incorporated into pet products. Typical pet products tend to look sterile and more likely to be found in a hospital than in someone’s home. Fable is a direct-to-consumer pet product brand that prioritizes innovation and aesthetics that fit into the modern era. The company offers a line of versatile pet products including the company’s signature Crate ($395), a modern crate that pets will love that doubles as a side table to fit seamlessly into any decor. Founded by a brother and sister duo in 2018, Fable plans to expand into retail along with expanding its product line. AlleyWatch Fable Cofounder and CEO Jeremy Canade (ex-Jet) to learn more about the team’s vision for the business, the company’s strategic plans, and latest funding round from investors that include14W, Female Founders Fund and Slow Ventures.