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Location: Bangalore, India India
Founded in: 2017
Stage: Pre-launch
Number of employees: 1-5
Short URL: vator.co/taqbit
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Taqbit

Startup/business
Bangalore, India India
http://www.taqbit.com
  • About
Company description

Random numbers lie at the heart of information security. They are essential to infosec's strongest weapon – encryption, and are used to generate the keys.The problem has always been that if a third party can reproduce the randomness used, he can reproduce the keys and can more easily crack the encryption. “It is estimated that more than 50 billion devices will be connected to the internet by 2020, due to the emergence of IoT. The fusion of IoT with sectors of manufacturing, finance and healthcare will lead to $170b in revenue in cybersecurity in the next 5 years. We are one of the few players trying to secure the data by prevent breaches, espionage using quantum encryption technologies which are efficient than the currently used classical encryption technologies. 

MARKET BACKGROUND : 

The cyber security market is estimated to grow to $170 billion (USD) annually by 2020, at a Compound Annual Growth Rate (CAGR) of 9.8 percent from 2015 to 2020, according to a report from Markets and Markets. Companies today place very little interest to invest in cybersecurity and many companies are hesitant to share the breaches that they have suffered. However, companies are now understanding the vulnerability that they face and are looking to invest to combat cybercrime. 
The historic analyst reports are rooted in IT Security (servers, networks, data centers and IT Infrastructure, Laptops Tablets and Smartphones) and not fully evolved to ‘cybersecurity’ that include non-computer devices and non-IT centric platforms that covers markets such as aviation security, automotive security, IoT Security and IIoT Security. All these combined make up the cybersecurity market. Our products and services will cater to the end to end device that will provide true random number strings in contrast to classical methods of encryption that produce pseudo random numbers that can be breached. In addition to these technology-driven solutions, a search is also under way for algorithms believed to be secure from both classical and quantum computing attacks. These quantum-resistant algorithms will have challenges: they can’t serve as a replacement for current solutions, requiring significant changes in current protocols, and will remain vulnerable to new quantum algorithms as they emerge, contrary to Quantum Key Distribution (QKD). We also want to identify standardisation around the new algorithms. This will provide flexibility, and an important element to an over. 

VISION & MISSION : 

“We envision to make encryption unconditionally secure & affordable by developing standardised quantum systems for information processing technologies which have application in end to end encryption for aerospace, manufacturing 4.0. IoT, finance, healthcare, online gaming and casinos, Monte 
Carlo Simulations, sectors.” 
We want to: 
● Establish Taqbit as a leading global firm making use of quantum technologies for applications in various sectors as applicable. 
● Work with industry veterans in the cybersecurity domain to develop standardised solutions keeping in line with the ongoing developments in the field of manufacturing 4.0 and IoT, scientific research and software simulations 

BUSINESS MODEL : 

We position ourselves to provide services for the integration of quantum technologies with the existing security protocols. We want to have a subscription model for the services we offer for data encryption Cryptography, Numerical simulations & Computation (Monte Carlo simulations) Public surveys (random sampling), Laboratory tests (statistical robustness), Lottery & Draws, Games & Gambling, Online Gaming, Software analysis and testing. The customers/ clients will be changed a rate of INR 1.5/MB of data. The models are monthly, semi-annually and annual schemes. We are looking at deployments in all regions around the world, targeting IoT devices that are prone to attacks due to lack of security measures that are taken along with the cost of sensors decreasing radically. We will start off as system integrators plan to develop our own quantum (devices) in 5years. We are looking for partnership and collaboration by working alongside tech giants and cybersecurity firms to research on new products and technologies. 


THE TEAM : 

Hanaan Hashim (22) year old from Calicut, Kerala is the Co-Founder & CEO of Taqbit, potentially India’s first applied quantum technology startup . She's a former Decision Architect at Industry Intelligence GmBH ( also a member at Centre for Foundational study , PPISR , Bangalore). At age 14, she stopped out of high school to start pursuing her research career. She worked on quantum cryptographic protocols for 2.5 years under Prof. R Srikanth . Her invention, QuATM, won her national recognition and was acknowledged by Ministry of Information Science and Technology-Intel as a very innovative project . In 2014, she became a Fellow at UnCollege, a Peter Thiel Fellowship project aiming to cultivate a community of self directed learners. She is also the youngest fellow at SLP'16 Bangalore, a highly competitive 6 month cross-disciplinary CEO training program. 

Animesh (26) is a Masters in Photonics from Cochin University of Science and Technology with a 2-year experience in experimental opto-electronics as part of his MSc Project at CUSAT, Kochi and a 1 year post -MSc experimental project at the Raman Research Institute Bangalore. 

Abhinay (27) is an application developer and DevOps Engineer with 3 yrs. of experience in standalone and web applications. He has a BTech. In Information Technology from Kostuv Institute of Technology, Bhuvneshwar. He has worked on a solution to extract analytics from audio and scripts using IBM Watson, and emotion analytics from videos using Emotient. 

Vikram Nath (22) has experience in project management of taking ideas from concept to reality with experience in design, simulation, team building, fundraising and corporate partnerships working on a $200,000 college project building and developing the RVCE Solar Car Project that he founded by 
working alongside 30 companies around the world. He was exposed to Industry 4.0, Cybersecurity and Advanced Manufacturing during his short stint at Robert Bosch where he has devised the maturity assessment tool for digital transformation. 

Prof R. Srikanth (44) 
External consultant (at Taqbit) Assistant Professor at PPISR, Bangalore with PhD in Physics from Indian Institute of Science (IISc) Prof. Srikanth is one of the very few noted theorists in India working on quantum cryptography with over 50 publications in peer reviewed journals to his credit 

The team comprises of professionals and experts who are experienced in quantum optics, cryptographic protocols, quantum cognitive models, project management, design and development, sourcing and logistics, technology integration of IoT, web development and Artificial Intelligence. The team met in 2014 at a research conference on the foundations of quantum mechanics. 
With the combined experience in different sectors and talents demonstrated by each of the founding partners , we complement each other to bring in a truly interdisciplinary approach to cater to our target markets. 

* Taqbit got selected for Startup Chile's S-Factory Gen 5'17: 
https://www.dropbox.com/s/q5qlfshavksz5mi/Invitation%20letter.pdf?dl=0 

*Our startup Taqbit (earlier Q-RAND) was selected as 2016's Hello Tomorrow's top 500 early stage science startups worldwide. 
https://www.dropbox.com/s/4alcpqbvfg8pda2/HTC2016_formal_Letter_.P147.pdf?dl=0 
As an HTC'16 alumni, our startup also got i a chance to apply for Google:X acceleration program ( invite-only program and an opportunity for teams working on impactful breakthrough technology or science projects to explore potential collaboration opportunities with X, Alphabet's innovation engine) 

Finalist of Alchemist Accelerator spring batch'17, (top 5 U.S enterprise accelerator based in San francisco) 

*Shorlisted startup to exhibit at AIM's Startup Conference'17 in UAE 

Milestones : https://www.dropbox.com/s/jrb82u0031dbilr/taqbit-Project%20Timeline.pdf?dl=0 

Projected Financials : https://www.dropbox.com/s/rwjta98nkeiwno9/Projected%20Financials.pdf?dl=0 

Team Intro : https://www.youtube.com/watch?v=QIBls3Vv7_c 

Products & Services : https://www.dropbox.com/s/cjnpazo7w68by60/Products%20and%20Services.pdf?dl=0 

Competitive landscape : https://www.dropbox.com/s/9h3z2b69zwyjeqz/Competitive%20landscape.pdf?dl=0


Team