Spiceware

Spiceware, a South Korean company established in 2017 by founder and CEO Sue Y. Kim, specializes in data security and privacy protection. The company targets the growing need for robust security solutions in the cloud computing environment, catering to organizations that handle sensitive personal and financial information. Spiceware's core business revolves around helping clients comply with stringent data protection regulations, such as the General Data Protection Regulation (GDPR), by providing comprehensive data lifecycle management. The company operates on a B2B model, offering its services to sectors like finance, e-commerce, and public institutions. Its flagship product, Spiceware on Cloud, is a Data Security as a Service (DSaaS) platform designed to protect personal information stored and processed in public cloud environments like AWS, GCP, and Azure. This service provides encryption and access control for databases and files, allowing businesses to securely manage sensitive data without compromising its utility for analytics or development. A key feature is its ability to tokenize personally identifiable information (PII), replacing sensitive data with non-sensitive equivalents, thereby minimizing the risk of data breaches. The platform also includes a Privacy Policy Management service that automates the generation and management of privacy policies to ensure legal compliance. Since its inception, Spiceware has achieved several milestones, including being selected for the AWS Partner Network's ISV Accelerate Program, which enhances its visibility and co-selling support with Amazon Web Services. In 2022, the company secured a significant Series B funding round of $9 million, led by Pavilion Capital, with participation from existing investors including Smilegate Investment and L&S Venture Capital. This capital injection was aimed at bolstering research and development efforts and fueling expansion into overseas markets, particularly Southeast Asia. Keywords: data security, privacy protection, cloud security, data encryption, PII tokenization, GDPR compliance, DSaaS, access control, data lifecycle management, information protection