Very Good Security (VGS) Honored by Goldman Sachs for Entrepreneurship

Rhea-AI Summary

Goldman Sachs has recognized VGS co-founder and CEO Mahmoud Abdelkader as one of the 100 Most Intriguing Entrepreneurs at the 2021 Builders + Innovators Summit in Healdsburg, California. This selection highlights Abdelkader's significant contributions to data security and compliance, marking an impressive year for VGS, which has doubled its customer base and increased data under management by over 1,000%. VGS’s Zero Data™ approach allows businesses to transfer custodianship of sensitive data, enhancing their operational efficiency.

Positive

• VGS doubled its customer base in the past year.
• Data under management increased by over 1,000%.
• Closed a $60M Series C funding round.

Negative

• None.

Mahmoud Abdelkader, Co-Founder and CEO of VGS Among 100 Most Intriguing Entrepreneurs at 2021 Builders + Innovators Summit

SAN FRANCISCO--(BUSINESS WIRE)-- Goldman Sachs (NYSE:GS) is recognizing VGS co-founder and CEO Mahmoud Abdelkader as one of the 100 Most Intriguing Entrepreneurs of 2021 at its Builders + Innovators Summit in Healdsburg, California.

Goldman Sachs selected Abdelkader as one of 100 entrepreneurs from multiple industries to be honored at the two-day event. With experience ranging from Wall Street to early-stage startups, Abdelkader is a highly skilled engineer and the heart of VGS. Prior to founding VGS, Abdelkader was CTO and co-founder of Balanced Payments (exited to Stripe). Before that, he designed automated product matching systems at Milo.com (acquired by eBay) and built high-frequency trading systems for Wachovia Securities, now a part of Wells Fargo. He’s passionate about democratizing data security and started Very Good Security in 2016 to make best-in-class security and compliance attainable for businesses of all sizes.

“I’m incredibly honored to be recognized by Goldman Sachs among some of today’s most innovative business leaders,” said Abdelkader. “I co-founded VGS because I truly believed we could help lift the burden that companies of all sizes shoulder in protecting their data so they can focus on building thriving businesses. From launching new products and broadly expanding our customer base to growing our executive bench, we’ve had an amazing year, and the success of this mission is only possible with our brilliant team — so I’d like to thank them for all their ingenuity and hard work.”

“Innovation doesn’t happen just anywhere; it thrives where there’s a wide range of thoughts and perspectives,” said David M. Solomon, Chairman & CEO of Goldman Sachs. “One of our great strengths is our ability to bring together people from different walks of life and to spark conversations today that will lead to breakthroughs tomorrow. The leaders we’ve chosen to highlight at our Builders + Innovators Summit are truly remarkable, and we are pleased to recognize Mahmoud as one of this year’s most intriguing entrepreneurs.”

In addition to honoring 100 entrepreneurs, the summit consists of general sessions and clinics led by seasoned entrepreneurs, academics and business leaders as well as resident scholars.

VGS is the modern standard for digital data, security, compliance and custodianship. VGS’ Zero Data™ approach replaces sensitive data with aliases, eliminating compliance scope and allowing companies to transfer custodianship of their sensitive data while retaining the ownership needed to leverage its value. In the last year, the company has more than doubled its customer base, increased its data under management by more than 1,000%, and closed a $60M Series C.

About Very Good Security
Very Good Security (VGS) is on a mission to secure the world’s information. Providing essential security and compliance infrastructure, VGS enables startups and enterprises to focus on their core business instead of compliance and regulatory overhead. VGS customers enjoy a Zero Data™ approach to information security, retaining the value of sensitive data without the cost and liability of securing it themselves. For more information, visit verygoodsecurity.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211014005218/en/

Jenna Valadez

vgs@justdrivemedia.com

Source: Very Good Security

FAQ

What is the significance of Mahmoud Abdelkader being recognized by Goldman Sachs?

Mahmoud Abdelkader's recognition as one of the 100 Most Intriguing Entrepreneurs signifies his impactful contributions to the field of data security and compliance.

How has VGS performed financially in the last year?

In the last year, VGS doubled its customer base and increased its data under management by more than 1,000%, showcasing substantial growth.

What is VGS's Zero Data™ approach?

VGS's Zero Data™ approach replaces sensitive data with aliases, allowing companies to manage data without the liabilities of safeguarding sensitive information.

What funding milestones did VGS achieve recently?

VGS successfully closed a $60M Series C funding round, enhancing its financial position for future growth.

Where was the Builders + Innovators Summit held in 2021?

The Builders + Innovators Summit in 2021 was held in Healdsburg, California.