Anonybit

Anonybit


Launch date
Employees
Market cap
-
Enterprise valuation
€11—16m (Dealroom.co estimates Oct 2023.)
North Carolina United States (HQ)
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DateInvestorsAmountRound
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N/A

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$3.5m

Seed
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N/A

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Seed
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$3.0m

Seed
Total Funding€5.9m

Recent News about Anonybit

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Anonybit is a pioneering startup focused on revolutionizing the way biometric data is stored and managed to prevent data breaches. Operating in the cybersecurity and identity management market, Anonybit offers a decentralized infrastructure that ensures biometric data, such as fingerprints or facial recognition information, is stored securely and processed in a way that minimizes the risk of unauthorized access. This innovative approach is designed to protect sensitive information from cyberattacks and ransomware.

Anonybit serves a diverse range of clients, including banks, credit unions, fintech companies, retail businesses, hospitality sectors, and healthcare providers. These industries are particularly vulnerable to data breaches and require robust security measures to protect their customers' personal information. By leveraging Anonybit's decentralized biometric storage solutions, these enterprises can enhance their security protocols and provide a safer user experience.

The company's business model revolves around partnering with other organizations to integrate its technology into their existing systems. Some partners use Anonybit's infrastructure to deploy their own biometric algorithms, while others combine Anonybit's capabilities with their offerings to create a stronger authentication process. This collaborative approach allows Anonybit to expand its reach and impact across various sectors.

Anonybit generates revenue through these partnerships by licensing its technology and providing ongoing support and maintenance services. This model ensures a steady stream of income while fostering long-term relationships with clients who rely on Anonybit's expertise to safeguard their data.

In summary, Anonybit is at the forefront of biometric data security, offering a decentralized solution that significantly reduces the risk of data breaches. By serving a wide range of industries and partnering with other organizations, Anonybit is well-positioned to make a substantial impact in the cybersecurity landscape.

Keywords: biometric security, decentralized storage, data breach prevention, identity management, cybersecurity, fintech security, healthcare data protection, retail security, authentication solutions, ransomware defense.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.