|By Xenia von Wedel||
|July 28, 2014 12:55 PM EDT||
Rivetz Corp. has been named as one of the AlwaysOn Global 100 Companies to Watch, congratulations! Please tell us, what is Rivetz all about and what do you do?
Steven Sprague: Rivetz is leveraging the trusted execution technologies in new devices powered by Intel and ARM to protect the Crypto Currency Private Keys and Transaction from Malware. We are building security services for all of the wallet providers to protect the user's secret key, securely display the transaction amounts and trusted Input to assure the users Pin number cannot be stolen. Rivetz is also helping the user to leverage their collection of devices to work together help the user manage their access to the exciting world of Bitcoin providing convenience, backup and protection that comes from having more than one device.
Who is your target audience and how do you intend to reach them?
Sprague: We are building solutions for the users of Bitcoin and other crypto currencies. Providing the benefit of hardware protection of bitcoin on the devices they choose to use. We are using tools from Trustonic and Intel to provide the solutions.
I'd be curious to hear any general thoughts you have on market trends...
Sprague: Crypto Currency provides an incredible opportunity for the modernization of E-commerce. After 20 years of typing in Credit card number and CCV codes and worrying about fraud bitcoin and trusted execution provide an opportunity to revolutionize how we shop online world wide. Bitcoin will provide global access to commerce and trusted execution provide the state of the art security we have been expecting for years.
Why are you targeting the Bitcoin market?
Sprague: Bitcoin is revolutionizing financial services. The potential to change how we all think about commerce on the Internet. In addition to currency, the block chain represents one of the most exciting evolutions of the internet in years. We are adding the ability for the internet to store a fact. This capability will affect every corner of the internet from Currency and E-commerce to Property, and licensing to Identity and Privacy. It is one of the most interesting technologies to come along in years.
What's the business model?
Sprague: We will offer user the opportunity to upgrade the android phone or Intel pc and tablets to leverage the security in their device to protect their bitcoin wallet. There will be a small fee charged to enable these features and will be available as an in Wallet upgrade. We will also offer the user the opportunity to manage their collection of devices for a small annual fee. Finally we see the opportunity to bind other services the user wishes to register with their collection of devices and believe we can help to retail these service relationships to the customer.
Who are your competitors? What is your differentiator?
Sprague: We compete with two core groups. The first is the protection of your bitcoin through complex process the user is trained to follow. The second is a collection of external hardware devices that provide similar service to Rivetz but are external to your phone or PC. We believe the built-in solution is the customer's preference.
What other market segments will benefit from your technology?
Sprague: Rivetz is focused on building security support for more than just Bitcoin. Services like access to global WIFI or secure messaging that would benefit from the storage and protection of access and encryption keys on my collection of devices can provide tremendous benefit. We look to provide the user with access to a selection of services that will benefit from a higher quality user relationship.
Will mobile device security become a major issue in the future?
Sprague: It is today. The recent compromise in Europe of the device as a second factor is a great example. I would just add that we see no distinction on the size or shape of your device. All devices should be able to provide their user/ Owner with access to the services they desire without having to bother the user to remember complex passwords in their head. By registering ‘My devices' with ‘My services' we can help the user have a simpler and safer relationship with the world.
What other business or technology could yours disrupt?
Sprague: The combination of the blockchain as a registration authority and the trusted execution environment as the secure device representation can offer a new style of service relationship for all cloud services. Trusted display for secure private communications, secure input to assure integrity of user provided data and protection from cloning of user secret keys will have a significant impact on the value of a subscriber.
Who founded the company, when? What can you tell me about the story of the company's founding?
Sprague: My brother and I founded Rivetz in March. After years as the CEO of Wave Systems Corp. an enterprise security software company, I saw a huge opportunity to exercise trusted computing technologies in the consumer market. While exploring the foundations for a new business model and plan I was introduce to Bitcoin in January. The light bulb went off to build a company to Integrate the modern market of Crypto currencies and Bitcoin with the client protections that can be enabled by trusted execution technologies and Rivetz was born.
What is your distribution model? Where to buy your product?
Sprague: We will offer the solution directly for users to download and install. We will also partner with the wallet and device providers to offer the solution for the end user to have a great out of the box experience.
What's next on your product roadmap?
Sprague: We have the tools to build the solution in house and hope to show demonstrations of the capabilities by the end of the summer with an SDK for third parties to leverage the Rivetz tools in the fall.
Are you targeting a first VC round? If yes when and what will you use the funds for? How much money is being sought?
Sprague: We are actively closing our seed round to fund the Demonstration and SDK and set the stage for a series A. We will use our seed round funds to build out the team and show the capabilities, wallet partners and OEM partners to take the solution to market at Scale. We are actively raising up to 1.5 million in our seed round.
What else would you like to add?
Sprague: ever since the first E-commerce transaction we have been waiting for a safer and easier model to shop and do financial services online. We are watching the decay of those systems and the level of fraud is growing daily. Rivetz and bitcoin provide a fresh approach to solving the global challenge and bringing a new age of device level commerce to the world from mobile payments in Africa to buying gold in America. Years and billions of dollars has been invested to build the foundations of this business but the exposure of the device security technology has been a challenge. Bitcoin offers the once in a career opportunity to enable tis transition.
Rivetz is building applications on both the Trustonic and Intel Platforms for trusted execution.
The company is at seed stage and is not started to generate revenues.
Rivetz Corp. is a new venture focused on improving consumers' relationships with financial and other online services. Rivetz provides a safer and easier-to-use model for all users to protect their digital assets and online transactions using hardware-based device identity and execution protection. The device plays a critical role in automating security and enabling the controls that users need to benefit from modern services. Rivetz leverages state-of-the-art cybersecurity tools to develop a modern model for users and their collection of devices to interact with services on the Internet. For more information, visit www.Rivetz.com.
Follow Rivetz on Twitter at @Rivetzcorp
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor – all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Dec. 8, 2016 06:15 AM EST Reads: 5,909
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
Dec. 8, 2016 05:00 AM EST Reads: 2,159
As we enter the final week before the 19th International Cloud Expo | @ThingsExpo in Santa Clara, CA, it's time for me to reflect on six big topics that will be important during the show. Hybrid Cloud: This general-purpose term seems to provide a comfort zone for many enterprise IT managers. It sounds reassuring to be able to work with one of the major public-cloud providers like AWS or Microsoft Azure while still maintaining an on-site presence.
Dec. 8, 2016 04:30 AM EST Reads: 2,913
Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...
Dec. 8, 2016 01:30 AM EST Reads: 1,925
I’m a huge fan of open source DevOps tools. I’m also a huge fan of scaling open source tools for the enterprise. But having talked with my fair share of companies over the years, one important thing I’ve learned is that you can’t scale your release process using open source tools alone. They simply require too much scripting and maintenance when used that way. Scripting may be fine for smaller organizations, but it’s not ok in an enterprise environment that includes many independent teams and to...
Dec. 8, 2016 12:30 AM EST Reads: 701
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Dec. 8, 2016 12:30 AM EST Reads: 1,136
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
Dec. 7, 2016 08:45 PM EST Reads: 1,640
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
Dec. 7, 2016 07:00 PM EST Reads: 523
Monitoring of Docker environments is challenging. Why? Because each container typically runs a single process, has its own environment, utilizes virtual networks, or has various methods of managing storage. Traditional monitoring solutions take metrics from each server and applications they run. These servers and applications running on them are typically very static, with very long uptimes. Docker deployments are different: a set of containers may run many applications, all sharing the resource...
Dec. 7, 2016 06:30 PM EST Reads: 5,682
In his session at 19th Cloud Expo, Claude Remillard, Principal Program Manager in Developer Division at Microsoft, contrasted how his team used config as code and immutable patterns for continuous delivery of microservices and apps to the cloud. He showed how the immutable patterns helps developers do away with most of the complexity of config as code-enabling scenarios such as rollback, zero downtime upgrades with far greater simplicity. He also demoed building immutable pipelines in the cloud ...
Dec. 7, 2016 06:00 PM EST Reads: 1,878
Join Impiger for their featured webinar: ‘Cloud Computing: A Roadmap to Modern Software Delivery’ on November 10, 2016, at 12:00 pm CST. Very few companies have not experienced some impact to their IT delivery due to the evolution of cloud computing. This webinar is not about deciding whether you should entertain moving some or all of your IT to the cloud, but rather, a detailed look under the hood to help IT professionals understand how cloud adoption has evolved and what trends will impact th...
Dec. 7, 2016 06:00 PM EST Reads: 2,679
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
Dec. 7, 2016 05:00 PM EST Reads: 1,932
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
Dec. 7, 2016 03:45 PM EST Reads: 2,275
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
Dec. 7, 2016 03:30 PM EST Reads: 1,794
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
Dec. 7, 2016 02:15 PM EST Reads: 2,207
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
Dec. 7, 2016 02:15 PM EST Reads: 3,403
"Dice has been around for the last 20 years. We have been helping tech professionals find new jobs and career opportunities," explained Manish Dixit, VP of Product and Engineering at Dice, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 7, 2016 01:45 PM EST Reads: 1,142
Rapid innovation, changing business landscapes, and new IT demands force businesses to make changes quickly. In the eyes of many, containers are at the brink of becoming a pervasive technology in enterprise IT to accelerate application delivery. In this presentation, attendees learned about the: The transformation of IT to a DevOps, microservices, and container-based architecture What are containers and how DevOps practices can operate in a container-based environment A demonstration of how ...
Dec. 7, 2016 12:45 PM EST Reads: 1,120
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2017 New York. The 20th Cloud Expo and 7th @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Internet to enable us all to im...
Dec. 7, 2016 12:30 PM EST Reads: 797
Cloud Expo, Inc. has announced today that Andi Mann returns to 'DevOps at Cloud Expo 2017' as Conference Chair The @DevOpsSummit at Cloud Expo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "DevOps is set to be one of the most profound disruptions to hit IT in decades," said Andi Mann. "It is a natural extension of cloud computing, and I have seen both firsthand and in independent research the fantastic results DevOps delivers. So I am excited to help the great t...
Dec. 7, 2016 12:00 PM EST Reads: 683