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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.
[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.
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Blowing Past $250k
We recently blew past a quarter of million raised and we're going to keep climbing. Don't forget to tell your friends. Thank You!
New ProxMox Support
We recently, as of today, added ProxMox support. ProxMox is a fairly popular virtualization solution for those that want to manage infrastructure themselves, especially over in Europe, and has been requested repeatedly in the past year. It is one of the few open-source solutions that is on par with something like vSphere so we're happy to show that we have native support for it now.
Very excited to announce we just received a $230,000 grant from the National Science Foundation (NSF) to add RISC-V support to the Nanos unikernel.
Getting a grant from the NSF is a very prestigious honor and is not the easiest thing to do as your application is reviewed by credentialed reviewers that are highly skilled and knowledgeable about your topic.
NSF only looks to fund "deep tech" that is involved in fundamental science and engineering that requires heavy R&D and has the potential for significant commercial outcomes.
The money of course is great and helps us out, especially since it's equity free, however, this also goes a very very long way towards providing the social proof from a highly respected third party of how truly deeply technical our technical approach is. This also opens the door to more funding as well.
This also happens to be our THIRD grant for unikernel related projects.
Why RISC-V
RISC-V is a new ISA (instruction set architecture) for CPUs. Other well known ones include ARM and X86. In the datacenter X86 is the most dominant - think Intel. All of your phones run ARM. RISC-V is interesting for a number of reasons including non-technical ones such as the geo-political fact that much of the worlds chips are being built in Taiwan, an increasing contentious place for the world's supply of chips to be made. One of the special attributes about RISC-V is that it is an 'open' architecture meaning any company can build their own chips without having to pay a license fee to say ARM which is how it is done today. This combined with the fact that we are witnessing an unprecedented demand for compute disaggregation in the form of co-processors and datacenter fabrics gives us a strong reason to believe that RISC-V is going to be a massive market driver in the near future and we're going to have the fastest, safest, unikernel system running on it in half a year.
This is such a massive game-changer and is one of the first public heads-up we are giving our so-called competitors that our ambitions far exceed their expectations. I don't think anyone was thinking we were going to do this although we actually applied for this grant an entire year ago.
More Info
You can read more about our award here: https://www.nsf.gov/awardsearch/showAward?AWD_ID=2103506
Invest today in ultra-fast, secure NanoVMs!
[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
We Crossed 1,000 Stars on the Open Source Nanos Github Repo
I personally believe github stars to be the very definition of a 'vanity metric', however, it is also a nice milestone to hit and does show to an extent developer awareness of the technology - something that we've been actively working at addressing.
Further, even though I see github stars as vanity metric - others do not - in particular VCs track open source githubs like this to glean out information on usage that they might not otherwise be able to ascertain such as downloads. Hell, some enterprising firms funded orbit.love for this very use-case. ;) Case in point - we get emailed from them upon hitting certain milestones.
Two Unikernel Talks at the P99 Conference This Week:
There were two completely different unikernel implementations being shared at this conference in two different talks. This was a conference focused on performance engineering and unikernels are something performance oriented engineers have been leaning into a lot lately.
Unikernels are a huge subject with many different implementations and use-cases and you all have the chance to be invested in the number one in terms of customers, run-time performance, prod use, and security.
These are both technical but here are the links for those interested in checking them out:
OSv:
Unikraft:
https://www.p99conf.io/session/unikraft-fast-specialized-unikernels-the-easy-way/
First Customer from Israel
We had the first customer from Israel sign up the other day bringing the total number of revenue-producing countries to 7. 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.
[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
To our followers and those interested to invest who are located outside of the United States, we want you to know that you are able to invest in NanoVMs. On first attempt to invest on StartEngine you may get a message that only US residents can invest in NanoVMs.
To work around this issue, please directly email contact@startengine.com with the subject line NanoVMs <> INTERNATIONAL INVESTOR and include your full name, email address and country you are investing from. StartEngine will then open direct access for you to invest in NanoVMs through the platform.
Please do keep in mind that StartEngine is unable to accept investment from the UK and Canada per their policy here, due to government regulations.
We already have customers from six different countries and many many more countries with end-users. We want NanoVMs running everywhere and we want international investors backing us. Submit your investment request today!
Happy to announce that we've been selected as one of the Hello Tomorrow Deep Tech Pioneers!
While we're not building rockets to Mars and nuclear fusion reactors we're definitely in the category of software that entails lots of heavy up front R&D. With the multiple grants we've received and the three different patents we've been issued to date it's nice to see others place us in the Deep Tech category.
[The following is an automated notice from the StartEngine team].
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.
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