The U.S. Small Business Administration estimates that 25% of businesses do not reopen after a major data loss. Currently, at least 15% of SMBs are doing absolutely no data backup, according to IDC, and 60% are only backing up data on-site. This is because the cloud storage model is broken. Praerit Garg, Symform's co-founder set out to give SMBs access to affordable, secure and high performing data storage solutions. He built Symform to disrupt the SMB market as the first peer-to-peer distributed cloud storage offering, giving up to 200 GB for free. Other providers charge per gigabyte and for other features, such as restore or increased bandwidth. Symform also achieves faster performance, as it optimizes for parallel Internet connections and geo-distribution of data. It is third-party tested to be more secure than traditional datacenter-based storage, as the data is chopped, encrypted, shredded and geo-spread – making it impossible for any threat or person to compromise the data.