SmartAxiom offers an embedded IoT security software suite that secures devices and data at the edge using decentralized blockchain technology. Their platform enhances device identification, authentication, and data integrity for enterprise IoT networks, enabling more efficient and agile edge computing.
Funding
$350K 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 centralized security models for IoT are insufficient for the scale and distributed nature of edge computing, creating vulnerabilities for device identification, authentication, and data integrity. This leaves enterprise IoT networks susceptible to emerging threats and hinders efficient, agile operations.
Solution
SmartAxiom provides an embedded IoT security software suite that leverages decentralized blockchain technology to secure devices and data at the edge. Their platform enhances device identification, authentication, and data integrity by distributing security functions across the network, thereby mitigating risks associated with centralized architectures. This approach enables more efficient and agile edge computing environments for enterprises.
Target Audience
The primary customers are enterprises and organizations deploying IoT solutions that require robust, decentralized security for their edge computing infrastructure and connected devices.
Features
- **Beachhead Microcode:** Provides a microcode blockchain core library for IoT MCUs, enabling encrypted block generation and micro-ledger storage for nano-transactions. Features include secure boot with signed software images, secure storage with file system encryption, and device authentication with verifiable group membership.
- **BlockLock Embedded Blockchain:** A transport layer framework that utilizes blockchain for secure information transfer, network security, and encrypted data packets between cloud and devices. It supports a multi-chain architecture for device and data authenticity, a pruned and compressed skinny ledger, and a synchronized time envelope for combining device and event chains with smart contract events.
- **Tenacious Service:** An operational layer that employs machine learning and AI for anomaly detection by analyzing device event blocks for patterns. It features a global ledger for new business models, supports multiple distributed ledgers synced to a global ledger, and integrates with time-series and spatial data.
- **SA P2P Networking:** Implements a standardized Peer-to-Peer communication model or mesh networking to process a high volume of transactions between devices, reducing reliance on centralized data centers.
- **Smart Contract & Microtransaction Support:** Enables secure, self-executing transactions within a decentralized environment, with participants registered on the blockchain for transaction recording and smart contract execution.
- **Time Series and Spatial Data Integration:** Optimized for efficient, responsive, and powerful IoT security needs, supporting NoSQL and SQL, streaming data loaders, and real-time analytics on historical data, including anomaly detection.