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Absolute technologies lab

AbsCrypt post-quantum encryption/decryption application

Kazakhstan, Almaty
Market: Internet and IT, Telecommunications, Another, Robotics, Mobile applications
Stage of the project: Operating business

Date of last change: 17.04.2020
Min investment
$  500.000
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Total required
$ 1.400.000
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Idea

Recent research in the field of information security revealed the facts that indicate the weak protection of more than half of corporate information systems, the cracking of which can even be achieved by an inexperienced hacker.

We developed a first official post-quantum encryption algorithm based on metaprogramming. Also we provide all known symmetric and asymmetric encryption algorithm and all functions of our competitors by free in our software. Our main rule is "sell only something new".

Current Status

We launched a version for B2C in September: Windows, Linux, macOS, Android – Absolutely cross-platform

More than 7000 unique regular users*, most of them from USA.

More than 86000 total users.

64 countries

Revenue: 420 000 USD

* more than 9 times at week are using our software.

Market

The target audience of our product are, first of all, large companies with a branched computer network:
Banking sector (encryption and protection of bank transactions, commercially valuable documents);
Public sector (protection of information bases of medical, tax institutions, protection of electronic voting);
Military sector (encryption of information flow);
Large corporations in the IT field, (encryption and protection of databases, cloud storages).
Automotive sector (data at motion)

Problem or Opportunity

There is a serious threat to the current cryptographic systems since quantum computers will be able to quickly solve the mathematical problems upon which most current key establishment methods are based. Existing encryption algorithms such as RSA will be instantly cracked with quantum computers. Moreover, one of the most important problems of encryption is the encryption speed. In addition, to use some types of quantum cryptography, companies need to change the architecture of their cybersecurity.

Solution (product or service)

Our solution is files and cloud encryption/decryption application based on metaprogramming.

Also we provide all known symmetric and asymmetric encryption algorithms by free in our software.

User are using our software via PC app, Android application, Telegram and Slack bots

Competitors

AxCrypt, TrueCrypt, 1Password

Advantages or differentiators

We provide all functions of our competitors by free.

Also we have:
1)Our API for developers
2)New type of two-factory authentification based on One-Time-Pad
3)Support of external cloud storages
4)Support of steganography
5)Support of quantum random password/key generators
6)You can easy implement our software in your projects, servers, etc. using our libraries, containers and images
7)Absolutely cross platform

Finance

Revenue: 420 000 USD

Successfully raised 1 million USD with an estimate of 10 millions USD

Business model

Freemium for B2B

Money will be spent on

International patents around the world.

Team or Management

Incubation/Acceleration programs accomplishment

Y combinator startup school.

Won the competition and other awards

NASA space apps challenge 2018 New York (the best use of hardware)
Microsoft Imagine Cup Central Asia.
Winners Canada Mining Hackathon and North America Legal Hackaton.

Winners of quality innovation of the year bypassed Russia, China, Finland and many others.

Awarded by the President of Finland

Invention/Patent

The first encryption algorithm based on metaprogramming

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video