Very Good Safety (VGS) has obtained a model new boss. The info safety and compliance platform has appointed Chuck Yu as its Chief Govt Officer.
Vertex Ventures U.S. Basic Companion Jonathan Heiliger, whose agency is a serious investor in VGS, praised Yu’s expertise in monetary providers. “His deep ties within the fintech and funds area will assist advance VGS’ business management place as the corporate appears to assist its shoppers safe essential information and streamline compliance in additional highly effective and progressive methods,” Heiliger stated. He referred to as Yu “a transformational pressure.”
Yu’s background contains government management roles at Visa, Level Digital Finance, and TrialPay, the place he was Chief Income Officer. TrialPay was acquired by Visa in 2015. Whereas at Visa, Yu led groups in enterprise improvement, gross sales, finance, and operations. He additionally helped construct strategic partnerships as the top of enterprise improvement for Visa’s World Fintech workforce.
In a press release, Yu underscored VGS’s aim of being a strong steward “of the world’s delicate information.” He added, “I’m desirous to work intently with our gifted workforce to forge new strategic partnerships with business leaders, and deeper relationships with the highest manufacturers which have chosen to belief us with their essential monetary information.”
In its Finovate debut final spring, VGS demonstrated its VGS Zero Information Platform. The expertise collects delicate information from finish customers and conducts operations on the info – together with exchanging it with third events. The platform accomplishes this with out permitting the unique information to come back in touch along with your community. This permits corporations to extract enterprise worth from delicate information with out touching it. As such, by enabling companies to “offload” their information safety burdens, Very Good Safety permits these corporations to concentrate on delivering modern options to their clients.
Very Good Safety has raised greater than $104 million in funding. The agency’s traders embrace Vertex Ventures, Visa Ventures, Andreessen Horowitz, and Goldman Sachs Service provider Banking Division. Headquartered in San Francisco, California, VGS was based in 2015.
