News
Business Overview
Business Description
Decentralization of data is key for maintaining personal privacy, data protection and digital security. Yet, todays solutions fall short. Centralized databases are prone to hacks and device-based solutions leave gaping security holes that fraudsters exploit. Anonybit goes to the root of the problem how biometric data is stored and managed. Instead of building higher walls around centralized databases or storing biometrics on devices only to use passcodes as a fallback, we ask, what if there was no data to find? What if there was no biometric template to store? Welcome to Anonybit. The worlds first FULLY decentralized biometrics, where personal privacy meets digital security.
Operating Status
Active
Founded
September 2019
Total Employees
12
Sectors
Sub Sectors
Offering Type
Software
Business Model
B2B
Business Stage
People
Funding
Total Funding
$3,500,000
Last Funding Round
Valuation
Funding Rounds
Investors
AI Technology Stack
AI Description
Anonybit leverages multi-party computing and zero-knowledge proofs concepts to manage personal data without maintaining a central honeypot or creating any single point of failure for an attacker to exploit. Upon capture, Anonybit breaks up the biometric data into anonymized bits that are distributed throughout a network of decentralized nodes. The anonymized bits are never reassembled even for matching. Working across devices and applications, Anonybit returns an authentication response without any of the original biometric data components.
AI Technology
Artificial Intelligence
AI Employees
3
