The Gyomo offering is now closed and is no longer accepting investments.

Gyomo

Just-in-time training to stop phishing

Small OPO
Herdon, VA
Business to Business
Accepting International Investment
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The #1 security threat is already inside your network.

Invest in Gyomo

The vast majority of data breaches start with social engineering - when people, not computers, are compromised. People clicking on phishing emails are the #1 cause of data breaches.   


A simple little email. Maybe you got a notice from the IRS. Or someone wants to share a something with you in DropBox. Perhaps your account is about to be suspended, and you need to act now! People are curious and a little too trusting. It’s our basic human nature that makes people the weakest link inside any network. 


Phishing is an attack on human nature -- at home, or at work -- even in big name brand names that you expect to be safe and protected. Home Depot, Sony, Hillary Clinton's presidential campaign, The Washington Post... Every one of these companies was breached with a phishing email that someone clicked on. And economic losses from data breaches are expected to top $2 trillion next year.


Companies try desperately to protect themselves, and collectively spend $1 billion every year training employees not to click on suspicious links. But, even with the current industry-leading training, 23% of people will continue to click on phishing emails... That's terrible!  


It's why many computer security people often say, “You can’t patch the human.”  


As a result, companies spend billions more to block and filter the internet from their employees. This is great for security, but terrible for productivity. I spent 10 years at Bank of America in this type of environment, where it took one to three days to get access to a new website, just to do my job. It was incredibly frustrating.


These two approaches, filtering and training, are our competition, and combined serve a $3 billion market, but they fail to meet the basic need of the customers.

Invest in Gyomo

Convertible Note | Minimum $100 Investment

Note converts to Common Stock when the company raises $1.0M in qualified equity financing

Maturity Date: 6 March 2020

$5.0M valuation cap

15% Discount; Discount Rate (85%)

3% yearly interest rate



For details on the bonus, please see the Offering Summary below.

Gyomo Has the Solution

Gyomo has a different approach that brings these two worlds together. It's call "Just-in-Time Training".


We utilize Machine Learning, Gamification, and Crowdsourcing to patch the human and secure the network. Gyomo provides training when people need it most… at the exact moment they click on a link.  


We use real phishing links that people are actually clicking on right then. This training provides the real world experience that simulated phishing just can’t, and we use crowdsourcing to stop phishing attacks before breaches occur.  We do all of this in less than 60 seconds, 2- to 3-times a week. That’s not just better training, it’s better learning, and better security.

The How and Why of Gyomo

How We Do It...

Gyomo’s patent-pending approach creates a prediction market for cybersecurity phishing attacks. Specifically, when a user clicks on a link that would take them to a potential phishing website (not on a whitelist), Gyomo steps in. 


Gyomo takes a screenshot of the website, gathers security data (form fields, hidden forms, embedded scripts, offsite links, cross site scripts, etc.), URL metadata (geoip, whois, dns, ssl, etc.), and scores the page based on a machine learning scoring algorithm. This score has an extremely high degree of confidence in the provenance of the website (good or bad) 96% of the time. Websites can be automatically blocked or allowed 19 times out of 20.  This level of accuracy and confidence is not uncommon for AI whitelists, but it can be extremely frustrating when you get erroneously blocked, and downright disastrous when you are allowed access to a malicious website.


The real power of Gyomo is in what it does with that remaining 4%, that one in 20 websites of which Machine Learning isn't very confident of its assessment. Gyomo presents a screenshot image of the website and relevant security information to a crowd of users. Those "peers" will have just received training about how to spot deceptive elements on websites like the one they’re about to see. The peers, armed with this additional security context and awareness, are prompted to asses the merits of this page and choose to approve or block it. Not only does this re-enforce the training with real world threats, it provides up to the minute, on-demand supervision for machine learning.

Why We Do It...

We care about the social engineering epidemic. It’s not only the hours of boring training we have personally suffered through. And it's not all the wasted time when legitimate websites were erroneously blocked. No. 


We have seen the gut wrenching despair when people click on phish and only afterward realize what they did - to themselves and to the company. 


No one should have to go through that.  


So we are on a mission to patch the human, and secure the network.


Why Now...

The market has been stuck on a treadmill - churning out the same ineffective solutions.  Phishing is getting worse, spear phishing is more effective than ever, and regulations (like GDPR) are forcing companies to get serious about preventing data breaches in the first place. The only effective choice is to cut off the internet, but that's just not practical.  


Enter Gyomo.  


Just-in-time training is dramatically more effective, and crowdsourcing makes reviews and escalations for potentially erroneously blocked websites near instantaneous. It is the solution the market has been demanding, without knowing exactly what it would look like.

Our Product

Current State

Gyomo has assessed the market, identified the minimum viable product based on market demand, conducted POCs, and acquired customers for pilots. In addition, we are currently working with Symantec to integrate with their ProxySG, which would allow Gyomo to be a turn-key solution aligned with one of the largest security gateway providers in the world.


With growing customer demand and integration on the horizon, Gyomo is in need of a monetary infusion to allow for the immediate hiring of technology staff to complete the build of the product that our customers desire, and to support the integration efforts with Symantec.

Recent Activities

  • Joined Startupbootcamp FinTech & Cybersecurity Accelerator
  • Established sales pipeline for European market
  • Obtained Letter of Intent from Vivat
  • Obtained Letter of Intent from PGGM
  • Actively working with Symantec on integration, based on introduction / request from Rabobank
  • Continue discussions with other potential customers (ING, KPN, etc)

Key Differentiators

Train for Real

Gyomo uses the same phish that are sophisticated enough to slip through network filters and convincing enough to entice employees. Gyomo uses those real phish for training, in a safe environment.

Block the Threat

Gyomo uses the collective wisdom of freshly trained people to identify and block malicious sites, transforming your #1 security vulnerability into a strong force actively working together in the defense of your network, blocking new threats right as they arise.

Seamless Integration

Using the standard iCap protocol, Gyomo integrates seamlessly with existing proxy servers, and can be utilized with or without existing training solutions.

Just In Time

Gyomo's solution provides training when you need it most. Right when someone clicks on a suspicious link Gyomo delivers short, focused gamified training that matches the attack. Even guidance on zero-day exploits is available with the Gyomo solution. Critically, this happens before a malicious website is loaded on a users machine.

Efficiency

Gyomo utilizes crowdsourcing to scale beyond the competition. Productivity decreases while waiting for security approvals, but the efficiency and wisdom of the crowd allows for faster access to websites that would otherwise take hours to approve, with the added benefit of reduced burden on your security staff.

The Opportunity

Current phishing solutions focus on either blocking known threats, or training users to avoid threats. The combined annual US spend on these two approaches is over $3B, with a 13% annual growth projected. However even with this significant spend:

  • Over 90% of all data breaches start with a phishing attack
  • Cybercrime costs continue to increase

    • $400 billion lost globally in 2015 (Lloyds of London)

    • $2.1 trillion estimated worldwide losses in 2019 (Juniper Research)

  • After training 23% of people will still click on phishing links (PhishMe)

  • 28% of phishing breaches were targeted attacks (Verizon)

(Gartner)

Gaps In Current Solutions

Secure Web Gateways

Block known algorithmic threats, do little to protect against social engineering attacks, and do nothing in the way of training.


Security Awareness Training 

Provide simulated phish for training that have little resemblance to real attacks, and do nothing in the way of protection.


Invest in Gyomo!

In the Press

Rabobank mentors innovative talent: from coach to partner
February 1, 2018

Startupbootcamp helps newcomers and established businesses to make progress. You’re young and full of innovative ideas. So you start a business, hoping that your new product can help make the world easier, more customer-friendly or more logical. If you're lucky...

SXSW Accelerator Pitch Event
January 16, 2018

More than six hundred companies submitted their web-based products to the tenth annual SXSW Accelerator Pitch Event. The competition was tough, and we're incredibly grateful for all of the great submissions we received this year. Congratulations to the Interactive finalists ...

Startups announced for second Startupbootcamp FinTech & CyberSecurity accelerator
October 5, 2017

Learn about the 11 startups taking part in this year's Startupbootcamp FinTech & CyberSecurity accelerator programme in Amsterdam.

Meet the 11 Startups & 1 Scale-up in Residence From the FinTech & CyberSecurity 2018 Accelerator Cohort!
October 3, 2017

Four months ago, right after the first Demo Day for our FinTech & CyberSecurity program in Amsterdam, we started scouting for the second round of the accelerator. What a busy and fruitful applications period it was!

Baker Donelson Cybersecurity Accelerator Adds Anti-Phishing Innovator Gyomo
August 17, 2017

Baker Donelson Cybersecurity Accelerator announces the addition of its newest participant: Gyomo, an innovator in anti-phishing solutions. Gyomo is the fourth company to join the program.

MACH37 Spring 2016 Demo Day - Gyomo: A Spring 2016 Cohort Company
June 14, 2017

Phishing is the most effective enterprise attack vector -- though security professionals believe "you can't patch the human." We reject this reality and substitute Gyomo.

6 Hot Cybersecurity Startups: MACH37's Spring Class Of 2016
March 28, 2016

Intense 90-day program mentors budding entrepreneurs in the finer points of developing a viable technology business for the real world of information security.

Phishing Prevention Software Gyomo Teaches You to Detect Dangerous Links
March 1, 2018

“Security specialists have been battling their employees with traditional models, always trying to look out for the next dangerous action of their employees,” says Acklen. “But with Gyomo we transform this unpatchable vulnerability into active and effective participants in defense of the network.”

Offering Summary

INVESTMENT OPPORTUNITY

Convertible Promissory Notes

Note converts to Common Stock when the company raises $1,000,000 in a qualified equity financing

Maturity Date: March 6, 2020

$5,000,000 Valuation Cap

15% Discount Rate

3% Annual Interest Rate*

*Annual Interest Rate subject to adjustment 10% bonus for StartEngine shareholders. See 10% Bonus below

Maximum ($107,000) of Convertible Promissory Notes

Minimum ($10,000) of Convertible Promissory Notes


Company
Gyomo, Inc.
 

Corporate Address
2214 Rock Hill Rd, Suite 270, Herndon VA 20170
 

Description of Business
Cybersecurity phishing attacks prevention software
 

Type of Security Offered
Convertable Note: $5M Cap and 15% Discount
 

Minimum Investment Amount (per investor) 
$100









What is a Convertible Note?

A convertible note offers you the right to receive shares of Common Stock in Gyomo, Inc. The number of shares of Common Stock you receive in the future will be determined at the next equity round in which the Company raises at least $1,000,000 in qualified equity financing. The highest conversion price per share is set based on a $5,000,000  Valuation Cap or if less, then you will receive a 15% discount on the price the new investors are purchasing.  You also receive 3% interest per year added to your investment. When the maturity date is reached, if the note has not converted then you are entitled to either receive your investment and interest back from the company or convert into equity.


The 10% Bonus for StartEngine Shareholders

Gyomo, Inc. will offer a 10% bonus on the annual interest rate for all investments that are committed by StartEngine Crowdfunding Inc. shareholders (with ≥ $1,000 invested in the StartEngine Reg A+ campaign) within 24 hours of this offering going live.

StartEngine shareholders who have invested $1,000+ in the StartEngine Reg A+ campaign will receive a 10% increase in the annual interest rate on Convertible Promissory Notes in this Offering if they invest within a 24-hour window of their campaign launch date.  For example, if invest in the first 24 hours, your annual interest rate will be 3% instead of 3.3%.   

This 10% Bonus is only valid for one year from the time StartEngine Crowdfunding Inc. investors receive their countersigned StartEngine Crowdfunding Inc. subscription agreement.

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.

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Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$8,395.33 USD
$20,032.27 USD
Cash And Cash Equivalents
$8,395.33 USD
$20,032.27 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$0.00 USD
$0.00 USD
Long Term Debt
$0.00 USD
$0.00 USD
Revenues And Sales
$0.00 USD
$0.00 USD
Costs Of Goods Sold
$10,000.00 USD
$24,375.00 USD
Taxes Paid
$489.84 USD
$0.00 USD
Net Income
-$11,636.94 USD
-$30,267.73 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

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