Xenolith Vault (1)

Xenolith Vault (1)

A Hyper Secure Digital Vault

Security Type
Membership Units
Min Investment
Chandler, AZ
Offering Date
August 14, 2021
Expected Close Date
November 12, 2021
Target Raise
Security Price

Company Description

Xenolith is a hyper secure digital privacy vault for high earners, entrepreneurs and High Net Worth Individuals (HNWIs) to protect their sensitive and private information. Using proprietary Detached Cloud technology for digital storage and retrieval, Xenolith’s software provides its clients with the hyper-secure solution they need to protect their most confidential records. Xenolith Vault, LLC is a spinoff company of Sterling Data Storage (SDS).

Key Deal Facts

$420 million serviceable addressable market - $5.5 billion total market
Proven management team track record with multiple technology start-ups and exits
Sister company of IT infrastructure company Sterling Data Storage
Innovative licensing model entices law firms to rapidly adopt software
Ransomware attacks have increased by 350% - growing market demand
Proprietary ‘Detached Cloud’ technology that works over the INTRANET
Reduced cost & liability for lawyers with streamlined & secure document retrieval
Near-term exit strategy based on explosive growth potential in target market

Management Team / Advisory Board Bios

James W Morand, Founder
I am a serial business developer with 10+ companies successfully started, and nearly 20 years of experience in IT security, infrastructure, and data center management solutions designed to protect professionals.

Ms Vicki Roberts, Advisory Board Member
Areas of expertise: • Claims handling expert -- I have prepared reports and testified in multiple matters on best practices in claims, building on over 35 years in private practice and as an inhouse claims executive • Monitoring high exposure files

Brett Nordin, Co-Founder
25+ years in product development, commercialization, investment banking, and marketing.
Amount Raised : $0
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Security Description

Membership Units represent ownership rights in a Limited Liability Company, indicated by the right to receive cash or unit distributions, declared by the Manager(s) of the LLC, and having voting rights in the governance of the Company.

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