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NanoVMs isn't accepting new investments

NanoVMs’ deadline was August 16, 2020

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NanoVMs

Upending 50 years of operating system hegemony
Proprietary Technology B2B Cloud Computing
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$949,410
Raised
3,045
Investors
Successfully funded and closed on August 16, 2020.
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Pitch Updates 12 Reviews 869
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Closed on August 16, 2020. Information may not be up-to-date. Campaign closed on August 16, 2020. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by NanoVMs, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
NanoVMs Crowd SAFE NanoVMs Form C:A.pdf
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Hear from some of the 3,045 investors in NanoVMs


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Highlights


  • Building a new OS to run linux apps faster/safer using unikernels.
  • Raised $1.5M to date from investors like Bloomberg Beta and Hack VC
  • Initial revenue from Air Force and paid trials with companies such as Amgen
  • 1 Patent issued, 1 notice of allowance, more filed
  • Ability to run 1000s vms/server
  • Addressing 5 key cyber-security markets, first to market, production ready

Problem


The server operating system has not changed in 50 years

Our current server operating systems have not changed in 50 years and do not reflect modern day concerns for managing servers and cyber-security. 


Today's servers are built for multiple users to run multiple programs, leaving large spaces open for targeted cyber attacks. Data breaches can cost even the best operations security teams $100M and can cause huge trust and brand issues for the companies involved. 


It makes you wonder why the operating system hasn't changed in decades. Watch this video to learn what the problem truly is:


Solution


The future is unikernels

NanoVMs is a production-ready unikernel platform. A unikernel is an application that has been boiled down to a small, secure, light-weight virtual machine which eliminates general purpose operating systems such as Linux or Windows. This means that there are no users and no shell to login to and, more importantly, you can't run more than the one program you want to run inside.

Unlike containers unikernels are provisioned directly on the hypervisor without a traditional system like Linux. What this means is that we can run Linux applications faster and more safely than containers and even normal Linux systems.

There is massive interest in the operating systems research communities for unikernels, yet NanoVMs is first to market and runs existing software today with no porting or code modifications.

Unikernels are widely considered to be the next generation of cloud infrastructure for their speed and security. Our platform provides massive VM consolidation on a private cloud and ultra secure system that can run 1000s of vms/server. 

Product


A safe, secure and controlled environment

NanoVMs allows users to control, build, and run unikernels anywhere with confidence. With NanoVMs, users can prevent hackers from violating their organizations, increase the speed of operations, and build a platform without worrying about servers. 

NanoVMs has tooling to deploy unikernels to major public clouds like AWS and Google Cloud and also has an on-premise private cloud offering.

Traction


Paid trials with Amgen and revenue from the US Air Force

NanoVMs' innovative and secure technology has raised considerable interest in our product. We’ve filed multiple patents, one has been issued, and have had trials with Amgen and revenue from the US Air Force, among others.

As seen in:

Customers


A solution for all customers

Our customers run across a variety of markets, predominantly the finance, health, government, energy, and telecom industries. All of our clients are companies in notoriously targeted businesses. They have found that our product grants them full control and security, along with scalable and easy to maintain software improvements. 

While our focus today is x86 based cloud/datacenter workloads we find the same challenges wherever we look. Unikernels as a newer architecture, have the potential of affecting beneficial change for lots of different workloads including different architectures such as ARM and different deployments like edge compute.

Like other software tooling in the space, our end users are primarily dev-ops professionals and developers. The financial buyer might come from the security side of the organization, so our sales motion utilizes a top down approach and our marketing, primarily through open source and education, utilizes a bottom up approach.

Business model


Subscriptions and fees for service

Our primary revenue comes from an annual subscription to our on-premise infrastructure platform which we price by cpu socket. 

We see a very big future in helping clients that use private cloud workloads take advantage of the performance and security advantages of unikernels.

Not withstanding, we also offer subscriptions to small teams or individuals that wish to deploy their software as unikernels on the public clouds. Those plans start at $1/day and will get those customers priority bug fixes and feature development, along with access to expert kernel engineers that can help fix any problem they might have.

In addition, we offer dev-ops as a service, where we connect people with decades of experience with customers to help remedy their systems issues. We also offer performance engineering and consultation, which we price according to company size and service need. These are all used as a means of moving more organizations onto our infrastructure. 

Market


Addressing 5 key markets

Cyber security is a fast growing market, estimated to grow at a CAGR of 11.9% for the next five years. NanoVMs taps into five key industries within this market: energy, healthcare, finance, telecom, and governments. By providing a product that appeals to all five of these markets, we believe we can achieve a revenue of $3M within the three years.

Traditional cyber security companies focus on detection and remediation not defense -- more importantly none of the solutions are working. We need a different approach.

A growing trend in the ecosystem is to "push left" security concerns into operations known as devsecops. Unikernels really embrace this notion and we believe this category will explode with unikernel adoption.

The private cloud market absolutely dwarfs the public cloud. Only less than 5% of North American compute is actually in the public cloud and that's a big market on it's own.

Just to paint the numbers the public cloud infrastructure market is already north of $30B today.

Competition


The production-ready unikernel platform in the industry

NanoVMs offers a first-to-market competitive advantage. We’ve outpaced massive competition from IBM and Dell, and have retained only a fraction of the attack surface that comes in a traditional Linux system.

There are many types of infrastructure one can provision on today and we feel the future needs less devops with more security.

Compared to Linux, the Nanos kernel has only a tenth of 1% of the attack surface.

There are plenty of infrastructure options in the ecosystem today. Some require very  expensive devops while others wish to go "serverless". Likewise there are varying levels of security in the available infrastructure choices. We think you shouldn't have to choose between the two.

A lot of people new to unikernels confuse them with containers but the fact remains that containers are horribly insecure constructs. Unikernels don't just address container insecurity but they deal with fundamental security flaws in Linux itself. The world's largest tech companies are built on Linux: Google, Uber, Facebook, etc.

Vision and strategy


Building a more secure system

By reaching our investment goal, we plan to grow paid partnerships and to allocate funds to our sales and marketing efforts in order to increase our current traction. 

We are going to continue to invest in our engineering efforts as well by hiring more kernel engineers. While we have good unikernel implementation today, there are many use cases we have not been able to tap yet that would greatly benefit from unikernels.

Among those include: SCADA, 5G, edge machine learning, etc. For instance today we are X86 only but we have plans on adding ARM support to enable some of these other edge based applications.

Unikernels are a fundamentally different architectural paradigm shift and as such represent a massive opportunity for many different deployments.

Funding


$1.5M in funding to date

We’ve currently have raised $1.5M in funding. Notable investors include Bloomberg Beta, Initialized Capital, L2 Ventures, and Hack VC. 


We were also a part of the Alchemist Accelerator - the accelerator dedicated towards enterprise startups.

Founders


Ian Eyberg is the founder and CEO of NanoVMs. Ian previously worked at Appthority, an enterprise mobile security company as an early engineer. He has spoken at conferences throughout the world such as HighLoad++, GopherCon, SCALE and many more security and infrastructure conferences on the topic of unikernels. He currently holds multiple patents with notices of allowance on the subject.

Deal terms


Valuation cap

$12,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

10%

If a trigger event for NanoVMs occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that NanoVMs is accepting.
Learn more

Funding goal

$1.07M

The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
NanoVMs needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by NanoVMs, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
NanoVMs Crowd SAFE NanoVMs Form C:A.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in NanoVMs.
Invest
$250
Receive
  • Exclusive NanoVMs Investor T-Shirt
Invest
$1,000
Receive
  • Dinner with Founders
Invest
$5,000
Receive
  • Free On-Site Unikernel Workshop at Your Company

Why others invested

See all reviews (869) See all (869)

The future of cyber security! NanoVMs is the industry leader in Unikernel technology development and deployment with a strong focus on innovation. I have been following NanoVMs and I believe it's a promising startup and would be the next Unicorn.

Profile picture of Meenal Relekar
Meenal Relekar
Investor
about 6 years ago

Working in cybersecurity, I understand the inherent risks of Linux that unikernels addresses. I hope I'm not investing in my professional extinction.

Profile picture of Charles Morris
Charles Morris
Active investor
about 6 years ago

I made investment since I know NanoVMs working on Unikernel which is interesting to me.I’ll add as a value investor with my software engineer knowledge and will invest more and more as it grows. Keep going!

Profile picture of Venkata Vaghicharla
Venkata Vaghicharla
Value-add investor
about 6 years ago

About NanoVMs

Legal Name
NanoVMs, Inc.
Founded
Aug 2015
Form
Delaware Corporation
Employees
3
Website
nanovms.com
Social Media
Headquarters
Google Map location of of NanoVMs
148 Townsend Street , San Francisco, CA
Headquarters
148 Townsend Street, San Francisco, CA, United States 94107

NanoVMs Team
Everyone helping build NanoVMs, not limited to employees

Profile picture of Ian Eyberg
Ian Eyberg
Founder
Featured in Superheroes · Read
Ian Eyberg is the CEO at NanoVMs. He is a noted unikernel expert speaking at conferences throughout the world on the subject and holds several patents for unikernel related technology.
Profile picture of Will Jhun
Will Jhun
Principal Kernel Engineer
Profile picture of Max Khon
Max Khon
Kernel Engineer
Ian Eyberg
Founder
Will Jhun
Principal Kernel Engineer
Max Khon
Kernel Engineer

Press

Seeking the Root Causes of Cyber Insecurity, Part II - Br...
Journal of Cyber Policy Journal of Cyber Policy
·
Mar 2, 2020

Second in a series of articles about the underlying factors that affect security posture We recently conducted a survey o...

Shrink Wrap Your OS | TAG Cyber
TAG Cyber TAG Cyber
·
Nov 25, 2019

During my early years working Unix security at Bell Labs in the mid-1980's, I remember following (and envying) some amazi...

SD Times news digest: NGINX API Management Module, GitHub...
SD Times SD Times
·
Jan 23, 2019

NGINX has announced that its API Management Module is now generally available. According to the company, the new module e...

What We Can Learn from the Marriott Data Breach
Database Trends and Applications
·
Nov 30, 2018

As details emerged about the latest 'massive data breach'-this time at the Marriott International hotel chain-database ex...

Black Hat 2018 Profile: NanoVMS - Journal of Cyber Policy
Journal of Cyber Policy Journal of Cyber Policy
·
Aug 21, 2018

When you apply for life insurance, you have to disclose whether or not you smoke and have dangerous hobbies like skydivin...

Goodbye Ransomware, Hello Cryptojacking! - SecurityRoundT...
SecurityRoundTable.org
·
Aug 2, 2018

If you had trouble last fall checking your elected officials' claims on Politifact or streaming Homeland on Showtime Anyt...

15 Digital Disruptors: Announcing this year's Innovation ...
Cisco Blogs Cisco Blogs
·
Sep 27, 2016

The finish line is now coming into view! After launching our third annual Innovation Grand Challenge in May, today I have...

Cryptojacking: The Newest Trick Up Hackers' Sleeves
Business Trends and Insights Business Trends and Insights

We're all familiar with the threats of computer breaches and website crashes. But in recent months another, perhaps even ...

Cyber Security Experts Weigh In on Marriott/Starwood Data...
Hospitality Technology Hospitality Technology

On November 30, Marriott announced it had discovered a data breach dating back to 2014 on the recently acquired Starwood ...

DeferPanic secures $1.5 M seed round to popularize uniker...
TechCrunch TechCrunch

We've all probably heard of containers and virtual machines by now. Virtualization enabled IT to break down a single serv...

You'll Never Believe The Disruptive Innovation At VMworld
Forbes Forbes

The large vendors who mount these extravaganzas all have skin in the game in the form of partner ecosystems - an advantag...

NanoVMs Announces First Plug and Play Unikernel Tool : @V...
Vmblog Vmblog

NanoVMs, the industry leader in unikernel technology development and deployment, announces the first unikernel tool for d...

Show all
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NanoVMs

NanoVMs successfully raised $949,411 from 3045 investors on August 16, 2020
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Max, RAJESH, Maximino, Armando, Christian, and 3040 others invested. 869 Reviews
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