MANCHESTER, NH – Manchester’s high-tech profile continues to rise.
The latest? Minim, a start-up Internet of Things (IoT) platform founded by former Dyn CEO Jeremy Hitchcock. The company announced April 30 they secured $2.5 million in seed funding, marking the official launch of the company’s products and services.
What exactly are those products and services? They are solution-based around IoT security in a world where there are more connected devices than humans, a phenomenon that is extrapolating.
Hitchcock says he founded the company last year in response to the Mirai DDoS attack, which targeted systems operated by Dyn in October 2016. Ultimately, the cyberattack took down the company and and several major internet services internet services, including GitHub, Twitter, Reddit, Netflix, and Airbnb.
“What’s crazy to me is that enterprise security and network management techniques have not migrated to the consumer networking space in the last decade,” said Hitchcock in his blog, Why Minim:
“As billions of IoT devices enter homes, consumers are sold on the expectations that their smart TVs can stream 4K video and their webcam isn’t spying on them,” Hitchcock said in a statement. “Unfortunately, reality can be very different. Meanwhile, as ISPs compete on Wi-Fi quality, support and service, they are wasting an estimated $1.2 billion on sending trucks and care reps to homes because they lack proper remote network visibility. Network care providers need more sophisticated applications to manage complex home networks and offer security solutions. This is what we are developing at Minim.”
Minim’s self-learning platform employs something called “Quantum Fingerprinting,” trademarked terminology that describes a system which automatically identifies and protects connected devices from hackers.
Or something like that.
Seed investors helping underwrite Minim’s mission include Flybridge Capital Partners and Founder Collective, according to Minim’s website.
Minim curious? The mobile app is currently available for iOS and Android, but only works with a Minim-enabled router. Learn more about it all here.
