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WISeKey International Holding AG (NASDAQ: WKEY) is a global leader in cybersecurity, digital identity management, and the Internet of Things (IoT) solutions. The company specializes in providing advanced security technologies for data protection, secure identification, and authentication across physical infrastructures, networks, and the internet, ensuring secure communications and e-transactions without compromising trust.
WISeKey operates through several distinctive subsidiaries, each contributing uniquely to its expansive technology portfolio:
- SEALSQ Corp: Focuses on semiconductors, Post-Quantum technology, and provisioning services. Recent investments include the development of quantum-ready semiconductors and the establishment of an Open Semiconductors Assembly and Test (OSAT) Center.
- WISeKey SA: Specializes in Public Key Infrastructure (PKI) management and cryptographic root keys, which are essential for secure digital communications and transactions.
- WISeSat.Space: Focuses on cost-effective satellite deployments through picosatellites, contributing to sectors like agriculture, logistics, and environmental monitoring.
- WISe.ART: Operates in the NFT space and has recently partnered with Hedera to enhance the WISe.ART platform for secure NFT transactions.
WISeKey's innovations are central to the increasingly connected digital ecosystem, providing secure digital identities for individuals, groups, organizations, and communities globally. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. Trusted by the OISTE/WISeKey cryptographic Root of Trust, the company ensures the integrity of online transactions between objects and people.
In 2023, WISeKey achieved significant financial growth, driven by its diversified business model and strategic investments in emerging technologies like blockchain, AI, and IoT. The company continues to expand its footprint with new projects such as the Low Orbit satellite initiatives, upcoming semiconductor personalization centers, and innovations in digital identity and cybersecurity solutions.
WISeKey has secured two key patents in China, enhancing its NFC tag technology for product authenticity and customer engagement. These patents cover the design and functionality of their NanoSeal® and VaultIC® NFC chips, which allow for advanced security and cloud-based authentication. This development positions WISeKey favorably within various industries such as fashion, cosmetics, and luxury goods. The company’s commitment to R&D, investing 40% of its revenue in 2020, underscores its strategy to protect its intellectual property and innovate in the cybersecurity and IoT sectors.
WISeKey announced preliminary H1 2021 results with a revenue of $9.9 million, marking a 24% increase from H1 2020. As of July 9, 2021, the company's cash reserves stand at $35.9 million. CEO Carlos Moreira highlighted significant progress made during the pandemic, including the acquisition of arago GmbH, enhancing their AI-based revenue sources. The firm aims to capitalize on emerging opportunities in AIoT and the cybersecurity market, projected to grow substantially through 2025.
WISeKey has appointed Cesar Martin-Perez as Chief Revenue Officer to enhance global sales and drive innovation in secure IoT solutions. Martin-Perez, previously Senior VP of EMEA Sales, replaces Ben Stump and brings extensive experience in semiconductor sales and business development. His focus will be on accelerating WISeKey's expansion through IoT technologies including secure semiconductors and AI automation. The leadership change aims to strengthen WISeKey’s market position and improve profitability.
WISeKey has launched HIRO™ Cybersecurity Knowledge Automation, the first integrated cybersecurity solution leveraging advanced AI for risk reduction against cyberattacks. This technology automates traditional security tasks, enabling organizations to analyze vast data volumes for threats like malware and phishing. WISeKey’s innovative approach enhances efficiency while reducing operational costs, freeing cybersecurity teams to tackle complex problems. The platform is designed to continuously learn from historical data to improve threat detection.
WISeKey International Holding Ltd (NASDAQ: WKEY) has launched its WISeID Cloud Storage service, designed for secure storage and sharing of confidential documents. This service utilizes Swiss technologies and offers a free trial, transitioning into a freemium model for users. It provides robust security features, including certificate-based digital IDs and multipoint verification methods. In addition to individual users, the service targets selected businesses. The platform is accessible via web, mobile, and desktop applications.
WISeKey has secured up to $44 million through a Convertible Notes Subscription Agreement with global institutional investors. The initial tranche amounts to $22 million, with options for four additional tranches of $5.5 million each. The notes have a 24-month maturity and a 6% annual interest rate, convertible into Class B Shares. The conversion prices range from CHF 4.00 to CHF 7.50, depending on the tranche. This funding aims to support WISeKey's growth in various regions, including Switzerland, the US, and Japan.
WISeKey has officially launched the WISe.Art platform, a marketplace for trading high-value NFTs in the luxury and collectible sectors. Following successful NFT auctions, this platform enhances the trading environment by ensuring provenance, ownership proof, and the ability for future monetization. It incorporates a digital currency, TrustECoin, providing user anonymity while maintaining KYC compliance. The platform also promotes sustainability by partnering with Green NFT for carbon-neutral NFTs, and it allows brands to integrate auction options into their ecosystems.
WISeKey has partnered with seven leading drone companies to establish DRONES4SEC, the first European Sovereign Federation focused on public safety and security drones. This initiative aims to foster technological innovations and set standards for cybersecurity and data protection in the rapidly growing drone sector. The launch event is set for June 22, 2021, in Paris. WISeKey will leverage its 20 years of experience in digital security to support the federation, emphasizing its commitment to safety in automated and connected environments.
WISeKey has launched its new WISeID Cloud Storage Service as part of its digital identity platform. This service aims to enhance cybersecurity amid increasing reliance on cloud solutions due to the COVID-19 pandemic. The service enables secure file storage and sharing using Swiss-secured servers, partnering with NextCloud for user-friendly access across devices. Initially, it will be offered as a B2C model with a free trial followed by annual subscriptions. WISeID aims to continuously evolve, focusing on user identity and security, supporting both B2C and B2B models.
WISeKey has launched its TrustedNFT platform to tokenize patents, transforming them into unique digital assets that enhance licensing and commercialization. Announced at the Geneva Trust in Innovation Summit on June 15, 2021, the platform uses advanced blockchain technology to secure patent authenticity and create digital twins. WISeKey invites patent holders to join this ecosystem, leveraging its portfolio of over 46 patent families. The platform aims to facilitate KYC compliance while ensuring anonymity, with TrusteCoin serving as the payment method for transactions.
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