Our member Swiss Vault recently travelled to Glasgow for COP26 (United Nations 26th Convention on Climate Change) in order to participate in Greenbackers’ super pitch event as one of the 26 chosen startups.
During this year’s United Nations Convention on Climate Change, Greenbackers organized its “26-for-COP-26” SuperPitch, an ambitious program which aims to get 26 of the most promising Net Zero start-ups funded. #26ForCOP26 are a group of cleantech ventures that are seeking to reverse climate change with their innovations – our member Swiss Vault was the only Swiss startup among those 26.
The Super Pitch was held on 9th of November at the Technology Innovation Centre at Strathclyde University in Glasgow where Swiss Vault CEO, Bhupinder Bhullar, delivered a great presentation. Swiss Vault is also part of the #beyond1000solutions, a label awarded by the Solar Impulse Foundation, being one of the solutions that is aiming to protect the environment in a profitable way.
Swiss Vault re-imagines the data storage system
Today 3% of the world’s entire energy production is used just to store data in data centers. Because of the digital revolution, data is growing exponentially; and there is a real consequence to that: in the next 4 years we will need 10% of global energy to store data, which isn’t sustainable.
The data storage rack, which is the current industry standard, is complex and costly to manage. And it also has a heavy carbon and environmental footprint.
Swiss Vault re-imagined the data storage system, getting rid of all the unnecessary components. By doing so, Swiss Vault’s solution represents a new paradigm through revolutionary hardware designs and reimagined software integration. The patent pending data management systems reduces the size by 80%, and achieves 10 times more power efficiency, compared to traditional systems. Swiss Vault’s systems are also purposely built for the circular economy: they are easy to operate and last 4 times longer than rack systems. Swiss Vault aims at enabling organizations to manage their data for 100 years, with lower costs and less impact on the environment.
Swiss Vault is currently raising capital for $2 Million in the form of a convertible note.
Learn more about Swiss Vault:
Read the previous SCCC interview with CEO, Bhupinder Bhullar
Photo credits: Swiss Vault
Text: based on Press Release by Swiss Vault