The BizSpark startup of the day is ArrayShield Technologies, based in India. Below you will find an interview with Rakesh Thatha, CTO of ArrayShield. All the best to them and congratulations for being the startup of the day!
Tell us who you are and your role in the company:
I was a technology geek from my engineering days and had developed lot of interest in programming during that time. I used to spend whole nights doing programming something or other. I used to develop games in C spending day and nights at a stretch for weeks. Later, I did MS (by Research) in IIT Madras and my focus area during that period was network security.
I play the role of CTO in ArrayShield and take care of all the technology related aspects, spearheading the research and development activities.
What did you do before creating your company?
I worked in Computer Associates prior to starting ArrayShield and was involved in the development of cloud enabled products. I was primarily responsible for quantifying the performance of the products.
How do you feel being the most promising ‘Startup of the Day’ per Microsoft BizSpark?
It’s an honor to be selected as the “Startup of the day” by Microsoft BizSpark. We are looking at partnering with like minded companies to reach out to a bigger market and with the BizSpark platform we are hopeful to achieve that goal.
What is your company’s mission?
The company’s mission is to provide low cost, easy to use and highly secure software security solutions globally.
In 140 characters or less, tell us what your company does:
Array Shield Technologies is the maker of software security products in the area of Strong Authentication and Software Protection. And the technology behind the products is patent pending.
How did you get the idea for your company?
As a Researcher in the area of Security, I had been reading many articles on Online fraud and misuse of passwords/PINS. One day I suddenly got an Simple Idea ”Why can’t we make the Password Dynamic”. The idea has been refined over years to arrive at a solution that provides full security against all the possible hacking attacks. Once the concept has reached a fool-proof stage, I along with my brother Pavan Thatha have started this venture.
Tell us about your funding history. Are you currently looking for funding? If so, how much?
We have bootstrapped this venture from our savings and money from family. We are looking to raise funding for global expansion and building strong IP portfolio.
How many employees do you have? How many developers? Are you hiring? If yes, what are you hiring for and where?
We have 8 full time technical team members to build our enterprise product and for doing the product implementations. We are looking at doubling our technical team in few months. Primarily we are looking at hiring developers, technical leads who can help us accelerate the platform development.
Which platform are you building on? Why?
We work on multiple platforms VC++, ASP, .NET and Java based.
Where do you see opportunities today in the Software/Internet area?
We see lot of opportunities for innovations both in products and solutions space that solve the business problems. There are so many business issues that are encountered daily by business users and each of those provides a great opportunity for an innovation to address the same. And at ArrayShield, we constantly strive to provide innovative solutions to address these issues.
What do you think about the BizSpark Program?
BizSpark is a great initiative which is the need of hour for all start-up companies. During early stages, all start-ups need a platform for visibility, networking, technology etc which BizSpark is able to successfully extend.
Do you have any advice for young Software entrepreneurs?
I advise all entrepreneurs to properly plan before they venture out. “Failing to plan is planning to fail”. But it’s ok to keep changing the plan because as an entrepreneur the only thing that is constant is change and one has to live with it. Though it sounds cliché there is no substitute to hard work, determination and dedication.
Who’s your role model?
I always consider Bill Gates and Steve Jobs as my role models because they have created industry behemoths from nowhere.
What’s the ONE THING you would like readers to take away from this interview?
If you have an idea and you are pondering for long whether it is viable to start-up, then take the risk of coming out of your comfort zone and starting it out. The price you pay for failing today is very less and you will not regret in your future for the missed out chance.