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NAORIS Funding & Investors

David Carvalho’s and Monika Oravcova’s inspiration to create Naoris Protocol came through a meeting with the former Head of NATO / OTAN Intelligence Committee Kjell Grandhagen, who stated that “We don’t need to play a better game against cyber-criminals, we need to play a different game”. His motivation led them to create a Decentralised Cybersecurity Mesh Architecture (dCSMA) utilising Blockchain and AI, to remove the single points of failure that exist in existing centralised models. This led to the birth of Naoris Protocol in 2018. After extensive R&D, a $31m fund raise in 2022, Naoris Protocol’s radical new approach is about to turn cybersecurity on its head. Cyber attacks are rising exponentially with the world facing a $10Trillion cyber damage problem by 2025 (equiv. 8% of global GDP). Existing cybersecurity is centralised, configuring networked devices to operate in silos. Systems are easily hacked, because by default it creates vulnerable points of entry that hackers can easily exploit. The solution Naoris Protocol is the world's first Decentralised Cybersecurity Mesh Architecture (dCSMA) that brings trust to untrusted environments protecting individuals and enterprises from cyber hacks. By converting traditionally untrusted devices into cyber-trusted validator nodes that constantly verify the status of every other device in real-time, it builds trustworthiness of the network. Naoris Protocol’s network of validators is fully decentralised and uses blockchain technology, distributed AI, signed software and cryptography to create provable events (immutable verification on the blockchain) of the cyber-status of all devices, networks and environments. Naoris Protocol’s Distributed Swarm AI detects anomalies and behavioural changes within each device in milliseconds, creating an instant alert. Infected devices can be temporarily removed from the network preventing full infrastructure breaches and hacks.

naorisprotocol.com

Total Amount Raised: $11,750,000

NAORIS Funding Rounds

  • Series A

    $11,500,000

    Series A Investors

    Draper Associates
    Holdun Family Office
    Expert Dojo
    Level One Robotics and Controls
    Uniera
    holt
    Brendan Holt Dunn
  • Seed

    $250,000

    Seed Investors

    Tradecraft Capital
Funding info provided by Diffbot.