Marcus Richards
At Suments we provide SaaS solutions for online information security and compliance.
We use big data and machine learning techniques to create accessible solutions that help SMEs and public administrations to achieve websites free of personal data leaks.
Based on an infrastructure that analyzes data from public sources, we have developed several business models where we put the focus on privacy and the user at the center of all our actions.
Tell us about yourself?
My name is Javi Moncayo, I’m the founder and CEO of Suments Data, a project where I intend to apply my knowledge in computer engineering and my passion for data analysis to achieve a safer Internet.
I have experience as an application engineer as well as in ethical hacking projects. In times where privacy protection is increasingly diffuse, Suments Data allows me and the company’s team of collaborators to develop our skills and fight for a fundamental right.
If you could go back in time a year or two, what piece of advice would you give yourself?
FOLLOW YOUR PURPOSE – This maxim remains one of the great pieces of advice I give to people and myself today. If I were to go back two years, I would keep this advice and I might add a tagline, “Start small but project big.”
What problem does your business solve?
The Web contains personal data and sensitive information…exposed due to metadata leaks. Excessive personal data leaks lead to information leaks, phishing attacks, loss of confidentiality, and a host of other issues that make the Internet a hostile place
What is the inspiration behind your business?
There are different inspiring figures and movements for Suments Data, because as the Internet evolves, so do the reasons for wanting to make this place a safe environment with a positive impact for users.
Richard Stallman (creator of free software), Edward Snowden (Informant of the global surveillance network), Max Schrems (a lawyer who has put the technological giants in Europe in check), and Chema Alonso (expert in cybersecurity and reference of ethical hacking) are some inspiring examples of people with a clear mission and purpose who are already transforming the way we use the Internet.
Suments Data is inspired by the resolution of one of the great conflicts of our time: the loss of privacy.
New technologies advance at an alarming rate, however, we continue to see that in the web universe the necessary measures are not taken to guarantee the protection of user data or comply with regulations such as GDPR (General Data Protection Regulation), in force since 2018.
It makes us angry to be insecure, and that anger inspires us to create accessible solutions for everyone, even if they have no cybersecurity knowledge.
Data protection professionals do not have access to effective and user-friendly tools to control data leaks in web environments, so SMEs and Public bodies have increasing data privacy problems: vulnerability, non-compliance, and a high cost of inaction (cyber attacks, fines…).
As a result, there is no information security on websites of small and medium-sized organisations, so, unfortunately, there is no secure navigation to guarantee the rights of individuals (users and consumers)
What is your magic sauce?
The basis of the Suments Data sauce is not very different from other companies: we harness the power of data. However, our magic sauce has several ingredients that make it special, for example, the use of advanced technologies by putting privacy and the protection of personal data at the center.
The use of Big Data and Artificial Intelligence techniques such as Machine Learning or Natural Language Processing, give color to this unique sauce in which we can offer companies and users the possibility of analyzing and eliminating personal data leaks at a level hitherto unattainable.
The solutions that we find on the market that allow analysis and cleaning of personal data leaks are solutions from large security companies that work for other large companies. This market, not accessible to the majority of the population, requires large sums of money and extensive technical knowledge for its development.
Suments Data differs from its competitors because it offers solutions that are economically and technically accessible, so that we can approach SMEs and public administrations that, although they do not have these resources, also deserve these solutions for information security.
What is the plan for the next 5 years? What do you want to achieve?
We are currently marketing our solutions in Spain, a favorable market for our services to enter the market, where we are already helping many companies achieve their goals. Suments Data’s business model, closely linked to data protection and, therefore to the GDPR, has the capacity to extend to countries throughout Europe.
We have a highly scalable business model and we are currently seeking financing. At the moment we have good indications that the project will continue to grow, and we hope to be able to help companies throughout Europe in the next 5 years.
Suments Data’s vision is to become a key technology partner for companies and organizations that are serious about data protection and want to ensure online compliance.
What is the biggest challenge you’ve faced so far?
The development of our data analysis infrastructure. We have worked hard to make our infrastructure huge and highly scalable, it has been a challenge, but it is done, we are ready to make organizations free of personal data across Europe.
The path of startups is always rocky and full of surprises. Along the way, we have taken many forks, especially at the product design level with the aim of applying user and customer feedback.
We have also encountered problems due to the fact that we had few economic resources at the beginning of our game. We have changed paths many times, but our course is fixed and our objectives are clear, which keeps us on the right track.
How do people get involved/buy into your vision?
All the organisations who wish to do so can contact us and learn more about the passionate world of metadata and data leaks. We are sure that you will be surprised to learn about the amount of leaked data in your organizations and the consequences that this can have.
We encourage you to visit www.suments.com, learn about our products, and contact us on [email protected]
