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Overview
The server operating system has remained the same for 50 years. As we store more of our data online and through servers, we risk our data being compromised by cyber threats.
NanoVMs is developing a new operating system to change the game. The new OS is unikernel based to run Linux apps safer and faster so you don’t have to compromise on security.
The Problem
Cyber-security is a major concern for companies that rely on servers to store large amounts of data. Servers today can allow multiple users to access data at the same time, creating opportunities for data breaches and targeted cyber attacks. The current server operating systems aren’t designed for these types of attacks. Not only are data breaches costly, they can create distrust and customer loss for companies.
Sources: Facebook $1.63B; Google+ shutdown; Uber paid $148m
The Solution
NanoVMs uses unikernels, which are designed to run a single-program as an OS. Unikernels are single process machine images. Unlike the Windows or Linux OS, unikernels prevent multiple programs from running, which in turn prevents attackers from running their own software on your server.
The Market
The key audiences we’re impacting are developers and devops. The DevOps market is expected to be worth $15 billion by 2026, with a compound annual growth rate of 19.1%. This is a significant increase from the DevOps market worth in 2018, which was $3,708.1 million.
Meanwhile, the market for cybersecurity is already an existing $60 billion market. By 2025, the market is projected to grow to nearly $110.99 billion, and then to $182.32 billion by 2030.
Our Traction
We have gained recognition in our 5 target markets: healthcare, finance, energy, telecom and government. Since we founded NanoVMs in 2015, we have raised $2.4 million in funding, which includes $170k from the Department of Energy. We have also received revenue from the U.S. Air Force, which includes a 5-year Indefinite Delivery, Indefinite Quantity Contract for the U.S. Air Force Advanced Battle Management System (ABMS). This multiple-award contract gives NanoVMS a minimum of $1,000 up to a ceiling of $950M over the next 5 years.
Additionally, we have filed 4 patents, and have 2 issued for our technology. We have run trials with Amgen, a multinational biopharmaceutical company. Recently we launched the new Nanos C2 product with revenue attached.
We have been profiled by Forbes, the Air Force, DOE, TechCrunch and the VMBlog.
What We Do
We are developing a production-ready, unikernel platform. We offer a free, open-source base kernel and orchestration tool for DevOps users. Additionally, we run the Nanos C2 product which is a graphical web application that allows users to control their OS infrastructure as unikernels. We also offer technical support plans for performance engineering and software support including bug fixes, technical advice, and feature development planning.
The Business Model
Our profits come through our SAAS licenses and the Nanos C2 product, as well as our technical support packages. We offer 3 Nanos Support subscription models: business ($600/month), small team ($300/month), and individual developer ($30/month). The Nanos C2 product can be purchased at a monthly rate of $7/user or as an annual package for $67.20/user/year (20% less). Meanwhile, NanoVMs Radar, our unikernel APM is sold single-user for Developer at $9/month or for Small Team at $25/month.
How We Are Different
The current market of cybersecurity support is primarily focused on other operating systems rather than Linux. However, our unikernel technology addresses containers security issues and normal Linux security issues.
*Comparison data computed based on management’ experience.
The Nanos kernel has only a tenth of 1% of the attack service compared to Linux. We are able to achieve speed and security with less code, libraries, and executables. Not having the concept of users or multiple processes gives us a huge boost in security and performance.
The Vision
Our goal is to revolutionize the server infrastructure environment through our unikernel OS. We anticipate doing this by scaling our team size to thousands of employees and building a strong, core outbound sales team. We are currently growing our team of kernel engineers. In the next few years, we want to be the number one server-side operating system for virtualized workloads including all public cloud data.
OUR LEADERSHIP
We are a team with years of professional experience in unikernels and the tech industry. Many of our kernel engineers have worked at storage and networking companies in Silicon Valley before joining us at NanoVMs.
Ian Eyberg, CEO: Ian is the founder and CEO of NanoVMs and a frequent speaker on the subject of unikernels. He holds 2 issued patents on unikernels and 2 more filed.
Will Jhun, Principal Kernel Engineer: Will is an outstanding principal kernel engineer. He has attended Stanford, and worked at companies such as Cisco. Will was responsible for spearheading the effort to reverse engineer AWS instances and adding support to run Nanos on AARCH64 platform.
Justin Sanders, Sr. Kernel Engineer: Justin attended the University of Georgia and has worked at companies like Coraid. Justin has extensive hypervisor, networking and SMP related work.
Francesco Lavra, Sr. Kernel Engineer: Francesco is a highly talented kernel engineer that is capable of breaking down extremely technical problems and swiftly coding up solutions. Francesco was responsible for initial Firecracker integration and more.
Fabio Ferreria, Sr. Backend Software Engineer: Fabio leads our backend software engineering with emphasis on OPS, is wholly responsible for the Nanos C2 product and works on other un-announced projects in the domain.
Why Invest
NanoVMs is here to stay: we’re creating an operating system that we see as a long-term solution for today’s cloud-based cyber-attacks. Our product supports the most popular server-side operating system, Linux. This is critical, as Linux is behind the world’s largest tech companies including Google, Facebook, and Uber. Our unikernel approach provides speed and security so companies can prevent cyber-attacks before they happen. Our software will help support 5 large markets: healthcare, finance, energy, telecom and government, but we are just getting started. Join us on the quest to change the server-side OS by providing a solution which is built for today’s world of cloud-based computing.
The days of massive, vendor-independent enterprise technology conferences like Comdex are long gone. Today, all the action is at the big vendor shows, like Dell Technologies World, IBM Think, CA World, and last week’s VMworld, to name a few.
The Department of the Air Force has selected eight additional companies to compete for the opportunity to develop, test and integrate new capabilities for the Advanced Battle Management Systems (ABMS).
Department of Energy Contract Award: Unikernel Isolation for Secure SCADA
DeferPanic secures $1.5 M seed round to popularize unikernel concept
Shrink Wrap Your OS
NanoVMs Announces First Plug and Play Unikernel Tool
Cryptojacking: The Newest Trick Up Hackers' Sleeves
Cyber Security Experts Weigh In on Marriott/Starwood Data Breach
SD Times news digest: NGINX API Management Module, GitHub Enterprise, and K2 acquires K2NE
Goodbye Ransomware, Hello Cryptojacking!
SEEKING THE ROOT CAUSES OF CYBER INSECURITY, PART II – BROWSERS AND OPERATING SYSTEMS
Unikernels vs. containers: See the lightweight championship fight
What We Can Learn from the Marriott Data Breach
Company | : | NanoVMS, Inc. |
Corporate Address | : | 148 Townsend St, San Francisco, CA 94107 |
Offering Minimum | : | $10,000.00 |
Offering Maximum | : | $4,031,600.00 |
Minimum Investment Amount(per investor) | : | $100.00 |
Offering Type | : | Convertible Promissory Notes |
Type of Equity Converted Into | : | Preferred Stock |
Conversion Trigger | : | $10,000,000.00 |
Maturity Date | : | April 01, 2023 |
Valuation Cap | : | $20,000,000.00 |
Discount Rate | : | 1.0% |
Annual Interest Rate | : | 2.0% |
What is a Convertible Note?
A convertible note offers you the right to receive Preferred Stock in NanoVMS, Inc.. The amount of Preferred Stock you will receive in the future will be determined at the next equity round in which the Company raises at least $10,000,000.00 in a qualified equity financing. The highest conversion price per security is set based on a $20,000,000.00 Valuation Cap or if less, then you will receive a 1.0% discount on the price the new investors are paying. You also receive 2.0% interest per year added to your investment. When the maturity date is reached, if the note has not converted then you are entitled to receive Preferred Stock equal to your investment and interest back at a price per security determined by dividing the Valuation Cap by the aggregate number of outstanding equity securities of the Company as of immediately prior (on a fully diluted basis).
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Company Perks*
Time-Based:
Friends and Family Early Birds
Invest within the first 48 hours and receive an additional 25% bonus on the convertible note interest rate.
Super Early Bird Bonus
Invest within the first week and receive an additional 10% bonus on the convertible note interest rate.
Early Bird Bonus
Invest within the two weeks and receive an additional 5% bonus on the convertible note interest rate.
Amount-Based:
$500+: Receive an additional 5% bonus on the convertible note interest rate.
$1,000+: Receive an additional 7% bonus on the convertible note interest rate.
$2,500+: Receive an additional 10% bonus on the convertible note interest rate.
$5,000+: Receive an additional 15% bonus on the convertible note interest rate + Call with Founders.
$10,000+: Receive an additional 20% bonus on the convertible note interest rate + Call with Founders
$20,000+: Receive an additional 25% bonus on the convertible note interest rate + Call with Founders
*All perks occur when the offering is completed.
The 10% Bonus for StartEngine Shareholders
NanoVMS Inc. will offer 10% additional bonus interest for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
Eligible StartEngine shareholders will receive a 10% increase in the annual interest rate on Convertible Promissory Notes in this Offering. This means your annual interest rate will be 2.2% instead of 2%.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
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.
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Hello! Recently, a change was made to the NanoVMs, Inc. offering. Here's an excerpt describing the specifics of the change:
Issuer is extending campaign
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, NanoVMs, Inc. has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in NanoVMs, Inc. be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
New Patent
We received a new patent, 11,061,695 bringing our total issued to three. This is a new one related to an earlier patent and does not include the two others that we've applied for but haven't been issued yet.
First Customer from Australia
We had the first customer from Australia sign up the other day bringing the total number of revenue-producing countries to 6. We probably have a lot more on the free end-user side. One of the reasons why tech companies have enjoyed higher valuations vs companies that have physical products or physical locations is because it is so much easier to sell and distribute throughout the world. So while the USA will be our main bread/butter it is nice to see penetration into other countries.
ChaosDB
Wiz reported this week that they found a flaw that in CosmosDB, a hosted service of Microsoft Azure cloud which gave them access to over 2000 customers of Azure's databases which is to put mildly, very very bad.
https://www.wiz.io/blog/chaosdb-how-we-hacked-thousands-of-azure-customers-databases
While the technical details are scant it appears that it is yet another instance where an Azure service was put into a shared cluster with no hard vm based boundaries as the attacker, once escaping from a Jupyter notebook was immediately able to query into all customer databases. Companies like these hosted services because they are very hands-off, however they come at the price of being locked into a particular vendor and susceptible to events like this.
Unikernels would have helped out tremendously here - not only isolating individual customer workloads but giving the hands-off no-ops approach that these customers desire. We firmly feel that a lot of these hosted services, especially of the "serverless" variety can be entirely replaced with unikernels.
T-Mobile:
For those of you that have been following the latest T-Mobile hack which resulted in a data breach of 50M end-users SSN, drivers licenses and other PII (personally identifiable information) this story is just getting crazier by the day. The hacker who is taking responsibility is an American that lives in Turkey and sued the CIA, the FBI and and other IC agencies last year . The FOIA request is wild with accusations of being an ISIS suspect, directed energy weapons, kidnappings and more. Hollywood has nothing on this.
This is the 5th time T-Mobile has suffered a data breach in the past 3 years. Existing cybersecurity solutions simply are not working at all. A new approach is necessary.
Futurism:
In other news, here's a recent article that appeared in Futurism:
https://futurism.com/nanovms-has-innovative-technology-that-protects-the-world-from-cyberattacks
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, NanoVMs, Inc. has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in NanoVMs, Inc. be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
More Debugging Tooling
One of the most cited reasons for not using unikernels stems from an article written 5 years ago about debugging them. We've written extensively about this subject and have made quite a lot of tooling for it and even resulted in the NanoVMs Radar service for which we have customers for now.
This past week one of our excellent engineers produced native TFS dump support in OPS which allows one to debug very very easily with and doesn't require a FUSE driver (which we added a while back ago). Considering you can dump images straight from the cloud this makes debugging these so much easier than debugging a Linux instance.
New Articles that Came Out Recently or We were told about include:
ContainerJournal and Entrepreneur:
https://containerjournal.com/features/the-time-for-unikernels-is-now/
We sat down with Andy Jacob recently for this interview:
Also, Shaun O’Meara had an article in Techcrunch the other day that makes a strong case for unikernels where he states toward the end:
"Basically, what I’m advocating here is that orchestrators like Kubernetes should matter less, and Linux should have less impact. Finally, we should proceed as fast as we can toward formalizing the use of things like unikernels."
This is really cool to hear from Shaun O’Meara as he is the global field CTO at Mirantis. Read the entire thing here: https://techcrunch.com/2021/07/18/the-end-of-open-source/ .
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, NanoVMs, Inc. has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in NanoVMs, Inc. be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
John Lynn from HealthCare IT Today interviews Ian Eyberg on malware focused on container technology and what healthcare should know about containers.
Mike Vizard from MediaOps interviews Ian Eyberg on unikernels on TechStrong.TV
https://digitalanarchist.com/videos/featured-guests/unikernels-nanovms
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