The startup develops a symmetric key cybersecurity platform that utilizes random number symmetric keying to provide unbreakable encryption for digital transactions. This technology protects client data from potential breaches, particularly against the emerging threats posed by quantum computing.
Funding
$6.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional symmetric key encryption methods are vulnerable to interception and decryption, especially with the advent of quantum computing, creating a need for more secure data transmission. Existing key exchange mechanisms are also susceptible to exploitation, leaving sensitive data at risk.
Solution
Matrics2 offers a software-based key distribution system that delivers true random 256-bit numbers for use as symmetric keys, providing a quantum-resistant encryption method. This patented solution enables the use of one-time pad symmetric key encryption for secure data transport across various applications. By delivering keys securely over the internet, Matrics2 creates a secure and closed network, coexisting on the internet and eliminating the need for passwords with built-in authentication.
Target Audience
The primary target audience includes financial institutions, government agencies, and other organizations that require high-security data transmission and are concerned about evolving cyber threats, including quantum computing.
Features
- Secure software key distribution system delivering 256-bit true random numbers
- Patented solution enabling one-time pad symmetric key encryption
- Quantum-resistant encryption method, immune to quantum computing attacks
- Built-in authentication, eliminating the use of passwords
- Rapidly scalable and deployable across a variety of applications
- Prevention-first approach, securing data at its core with mathematically unbreakable encryption