Profile
Corporate information
Registration country
Investment activity status
Active investor
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).
Team
Current employees
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Sven Rahlfs | founder | |
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Mirko Ross | founder |
Funding
Funding rounds
Seed EUR 2,100,000
(8 Feb 2022) at EUR 8,000,000 valuation.
Investor | Profile | Country | Notes | |
---|---|---|---|---|
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Blockrocket | Initial investment. Round participant. | ||
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CoinIX | Germany | Initial investment. Round participant. |
(10 Nov 2019)
Investor | Profile | Country | Notes | |
---|---|---|---|---|
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CV VC AG | Private company based in Zug which invests in all stages of the crypto and blockchain growth cycle. | Switzerland | Initial investment. Round participant. |
Cap Table
Current and past shareholders
Investor | Contacts | Round | |
---|---|---|---|
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Blockrocket |
Seed | |
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CoinIX |
Seed | |
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CV VC AG Private company based in Zug which invests in all stages of the crypto and blockchain growth cycle. |
+41 (41) 725-08-80 |
Seed |
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Minol-Zenner Group |
N/A |