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About
DataStealth's approach is to intercept data in transit rather than ask applications to change: its platform discovers and classifies sensitive data flowing across a network, then tokenizes, encrypts or masks it, so the systems behind it never store the real values. That makes it a fit for payment-card and health data, and the company is a PCI Level 1 Service Provider. Its customers are telecoms, banks, insurers and healthcare organisations. In October 2023 Michael and Richard Hyatt — who previously built and sold Dyadem and BlueCat — took a majority stake, buying out the previous majority shareholder for close to $7 million; BetaKit reported the company was then profitable on more than $10 million of annual revenue with a team of about 45. Michael Hyatt is executive chairman.
Backers
Michael and Richard Hyatt hold the majority stake taken in October 2023; Volition Capital lists DataStealth in its portfolio. The company was bootstrapped rather than venture-funded before that.
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Quick answers
What does DataStealth do?
It protects sensitive data by intercepting it in the network — tokenizing, encrypting or masking values before they reach the applications and databases behind it, so those systems never hold the real data.
Who owns DataStealth?
Michael and Richard Hyatt took a majority stake in October 2023, buying out the previous majority shareholder for close to $7 million. Michael Hyatt is executive chairman.
How big was DataStealth at the time of that deal?
More than $10 million in annual revenue, profitable, no debt, and a team of about 45 (BetaKit, 1 November 2023).
Who from DataStealth is in this directory?
Michael Hyatt, its executive chairman.