Photo - TRUSTLESS.AI Sàrl
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TRUSTLESS.AI Sàrl

Switzerland
Market: Electronics
Stage of the project: Prototype or product is ready

Date of last change: 27.08.2022
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Idea

We are building a 2mm-thin mobile device - carried in leather wallets or "encased" in the back of Android phones - to far outcompete iPhone Lockdown Mode in security and convenience.

Current Status

Built solid supply chain, architecture, and initial prototyping. Built a functional proof-of-concept device (2-mins video) in Geneva with 3 partner target clients. Selected as top-5 startup in 2 leading Swiss/EU cyber/fintech awards. Established the Trustless Computing Certification Body last June in Geneva via our NGO arm. Graduated in Q1 2022 from MACH37, the US n.1 cybersecurity accelerator. Gained substantive soft traction with 3 very large private banks, family office associations, and with two top-5 mobile device makers.

Problem or Opportunity

There are 16 million high net-worth individuals in the World, accruing $53 trillion in wealth, and over 10,000 family offices accruing $9 trillion in assets. According to UBS and Northern Trust surveys, cybersecurity is the 1st and 2nd greatest concern. Nothing money can buy: a huge unmet demand.

Solution (product or service)

We achieve radically unprecedented security by uniquely ensuring source design transparency and extreme security-review in relation to complexity by "incentive-aligned" experts for all techs and processes critically involved in the life-cycle, including for legitimate lawful access - as verified by the Trustless Computing Certification Body, launched last June 2021 by the NGO from which we spun off.

Business model

Seevik Net is offered as hardware-as-a-service managed and application platform. Initially, sold mainly via large financial firms that have limited exclusivity for their finance services app. Later, sold also via mobile device makers (partners for Seevik Phone), and sold directly to enterprises, private banks, family offices, news orgs, NGOs and B2C.

Incubation/Acceleration programs accomplishment

Hardware.co (Berlin)
Fintech Fusion (Geneva)
MACH 37 (VMcLean, Virginia, USA)
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