WISeKey reports continued growth with $20m revenue for first half of 2017

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WISeKey International, the Switzerland-based cybersecurity and IoT firm, has announced ‘significantly increased’ revenue up to $20 million (£15.4m), unaudited, for the first half of this year as the company’s progress continues to improve.

The company’s previous revenues stood at $1.3m reported for the first half of 2016, and $11.6m consolidated revenues for the full year.

In order to evolve as a major player in IoT, cybersecurity, AI and blockchain, WISeKey has aggregated over 46 patent families – with more than 200 patents in total – to its portfolio required to integrate the OISTE/WISeKey Root of Trust into IoT embedded devices with problem-solving AI solutions. The new patents consists a range of technologies for IoT and semiconductors, particularly those that help make enterprise-level computing services more trusted, reliable and secure.

WISeKey has also established a Centre of Excellency in India, USA, Argentina, Switzerland and China. Via these Centres of Excellence, the company has collaborated with local participating firms, on building points of view, proof of concepts, policies, educational materials including addressing all the distributed ledger capabilities across different Blockchain schemes (public, consortium and private), with industry verticalisation and domain specialisation.

Regular readers of this publication will be aware of the company’s trajectory. In April WISeKey launched a global scalable framework called the WISeKeyIoT – which offers digital public key infrastructure (PKI) certificates for connected devices. The certificates are protected in certified tamper resistant silicon chips, as well as an outsourced or on-premises certificate management system, with device life cycle control functions and security enforcement entities.

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