Baimos Technologies GmbH announces seven-digit funding round
Baimos Technologies is a developer of award winning BlueID device authentication and authorisation technology which enables objects to securely connect and interact with smart phones and smart watches.
Mr Philipp Spangenberg, Baimos Technologies’ CEO, commented: “Within the growing Internet of Things (IoT) market where objects are connected to smart devices, the BlueID technology is offering a cutting-edge security solution. We are very pleased with our partnership with HCS Beteiligungsgesellschaft and will benefit from their strategic planning and expertise. The invested funds will be allocated for further growth of the company, consequently multiplying our success.”
The mission of Baimos Technologies is to deliver trust and confidence between any object and any mobile smart device when an increasing need for a fast and secure connection between smart devices and objects becomes an everyday challenge. The BlueID product aims to be a future security stamp in IoT and reflects the recent Gartner (an American research and advisory firm providing IT-related insight) prediction that IoT will change cybersecurity forever, ultimately leading to the company’s expansion. BlueID software makes it possible to receive sensitive authorisations in a secure manner and to verify them locally and offline independent of the location and time, which makes it a first choice technology specifically for growning tech trends such as Connected Cars, Smart Home and Sharing Economy.
The strength of BlueID is its patent protected offline functionality which ensures local communication, authentication and authorisation, all within one second. BlueID provides strong security for digital keys stored on the smartphone but does not require secure elements on the smartphone side. It works seamlessly with communication standards like Bluetooth Smart, NFC, Wi-Fi and the mobile Internet which ultimately places it well in the rapidly developing IoT and M2M market.
Mr Hans-Christian Semmler, Managing Director of the HCS Beteiligungsgesellschaft GmbH, commented:“We are very optimistic about the future development of Baimos Technologies and their product BlueID in the world of IoT. We are convinced that not only a rapidly growing number of mobile applications of this technology will operate in the near future, but additionally an increasing number of individuals will have all their access permissions saved on their smartphone via BlueID “digital key ring”. With this in mind, Baimos Technologies fits perfectly into our portfolio and we are looking forward to contributing to their success.”
About Baimos Technologies GmbH
Baimos Technologies specialises in secure mobile communication and authorisation management for smart devices to interact securely with embedded sensors and actuators locally around them. The team of trusted computing specialists develops the software-based authorisation platform BlueID which turns any mobile app and smartphone into a secure mobile key for real things like doors, cars, barriers, cabinets and the Internet of Things (IoT).
Baimos Technologies provides cross-disciplinary expertise between computer science and electrical engineering to guarantee resource-saving encryption procedures, reliable component identification and scalable permission management for practical interaction of embedded systems with their smart environment. Baimos Technologies works with partners like Marquardt, Emerson Network Power, eQ-3/ELV, Microsoft, Novero, Valtech and others. Its list of customers includes Audi, Daimler, Sixt, DORMA, LG and others. Check out https://www.blueid.net for further information.
About HCS Beteiligungsgesellschaft GmbH
HCS Beteiligungsgesellschaft GmbH is a German investment company which, for the past ten years, has been focusing on companies that are faced with unique business challenges. They have invaluable expertise in supporting organisations during the phase of the initial market entry, globalisation, new business development and business succession. Within their investment strategy, HCS Beteiligungsgesellschaft GmbH strongly focuses on organisations that are distinguished by their technological expertise and their market potential. On top of their financial contribution, HCS Beteiligungsgesellschaft GmbH have extensive experience in the management and consulting of large and medium-sized companies – they support organisations in their strategic planning and concrete implementation steps.
About Bayern Kapital GmbH
Bayern Kapital GmbH, based in Landshut, was founded on the initiative of the Bavarian government in 1995. It is a wholly-owned subsidiary of the Bavarian LfA Förderbank . As the venture capital organisation of the Land of Bavaria, Bayern Kapital provides equity capital financing for the founders of young innovative technology companies in Bavaria. Presently Bayern Kapital manages eleven investment funds with a total volume of around €340m. So far, it has invested almost €210m in 235 innovative companies in the fields of technology in various sectors including life science, software & IT, medical technology, materials and new materials, nanotechnology and environmental technology. In this way, almost 5000 long-term jobs in sustainable companies have been created in Bavaria. www.bayernkapital.de
baimos technologies gmbh
High-Tech Gruenderfonds invests in young, high potential high-tech start-ups. The seed financing provided is designed to enable start-ups to take an idea through prototyping and to market launch. Typically, High-Tech Gruenderfonds invests EUR 600,000 in the seed stage, with the potential for up to a total of EUR 2 million per portfolio company in follow-on financing. Investors in this public/private partnership include the Federal Ministry of Economics and Energy, the KfW Banking Group, as well as strategic corporate investors including ALTANA, BASF, Bayer, B. Braun, Robert Bosch, CEWE, Daimler, Deutsche Post DHL, Deutsche Telekom, Evonik, Lanxess, media + more venture Beteiligungs GmbH & Co. KG, METRO, Qiagen, RWE Innogy, SAP, Tengelmann and Carl Zeiss. High-Tech Gruenderfonds has about EUR 576 million under management in two funds (EUR 272 million HTGF I, EUR 304 million HTGF II).