Advanced Data Protection and Homomorphic Encryption with Jiri Fiala

In this insightful episode, we sit down with Jiri Fiala to discuss the cutting-edge world of data protection and encryption. Jiri is a leader in the cybersecurity space, where his work focuses on advancing the adoption of zero-knowledge proofs (ZKP) and fully homomorphic encryption (FHE) for protecting sensitive information. We explore how these technologies are reshaping the landscape of data security and helping organizations comply with strict regulations such as GDPR and HIPAA.

Jiri shares the journey that led him from being a headhunter in IT to becoming the CEO of Privid, a company specializing in advanced cryptographic technologies. He recounts how he noticed a growing problem in the privacy and data protection space, leading him to dive into older technologies like ZKP and FHE, which were impractical due to previous limitations in computing power. Now, with modern advancements, Jiri has been able to bring these technologies to life, ensuring that data remains encrypted even while it's being used.

The conversation dives into the challenges Privid faced during its growth, particularly the struggles with finding clients and navigating the competitive cybersecurity market. Jiri discusses the impact of regulations such as GDPR, the growing importance of data security, and the company’s strategic focus on Europe due to more stringent data protection laws. We also explore how Privid operates as a fully remote company with teams spread across multiple continents, allowing them to remain flexible and innovative in a rapidly changing landscape.

Jiri offers candid insights into the struggles of scaling a small tech company, including the effects of COVID-19 on business and the sacrifices made by his team to keep the company afloat. Through sheer perseverance and a belief in their product, they’ve managed to secure multi-million dollar contracts and establish strong partnerships across Europe. The discussion wraps up with Jiri’s reflections on the importance of resilience, innovation, and the lessons he’s learned as an entrepreneur in the cybersecurity space.