Company type
Securing over-the-air updates for IoT vendors.Overview
The importance of cybersecurity is increasing at a fast pace. IoT solutions are especially fragile as they are often unpatched and lose security during operation lifetime. Vendors and operators of IoT devices are forced to ensure safety during necessary updates, but current solutions for secure operations are too expensive. Asvin offers a seamless implementation, transparent pricing, and lower cyber risk. Blockchain technology enhances security by incorporating DLT and device IDs in the solution. The Germany-based team has gained several awards and prizes and launched various industrial pilots with companies (BD, Minol, Zeiss, and OdinS).
Funding rounds
Seed EUR 2,100,000
( ) at EUR 8,000,000 pre-money valuation
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Blockrocket | Initial investment. | ||
|
CoinIX | Initial investment. |
Investment activity status
Active investor
Team
| Employee | Position | ||
|---|---|---|---|
| Sven Rahlfs (founder) | |||
| Mirko Ross (founder) |