Newky
Newky is the digital key of physical world converts the users' mobile phone into their digital key via users' biometric data and matches vehicles, doors, devices, and folders with them through its cyber security software.
| USD | 2023 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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Newky is a cutting-edge startup specializing in cybersecurity software that creates digital keys for the physical world. The company leverages advanced technologies like artificial intelligence, image processing, and deep learning to provide secure and controlled access to vehicles, doors, devices, and folders. Founded by the innovative Texinsight team in 2019, Newky has quickly gained recognition, ranking first among 150 startups in the license verification category at the City Raptor competition organized by EIT Urban Mobility.
Newky serves a diverse range of clients, including companies managing shared mini vehicles like scooters, taxi services, corporate and public fleets, and organizations requiring robust access management systems. The startup operates in the cybersecurity and mobility markets, focusing on enhancing safety and security through biometric data verification. This means that users can create digital keys using their unique biological traits, such as fingerprints or facial recognition, to ensure that only authorized individuals can access specific assets.
The business model of Newky revolves around providing its software as a service (SaaS). Clients subscribe to Newky's platform to integrate its digital key technology into their operations. This subscription-based model ensures a steady stream of revenue for the company. Additionally, Newky offers tailored solutions for different sectors, such as micro-mobility, taxi services, and corporate fleets, which further diversifies its income sources.
Newky makes money by charging subscription fees for its software, offering customized solutions, and potentially through partnerships with other technology providers. By ensuring secure and traceable access to various assets, Newky adds significant value to its clients, helping them mitigate risks associated with fraud, unauthorized access, and misuse.
Keywords: cybersecurity, digital keys, biometric verification, AI, image processing, deep learning, micro-mobility, taxi services, corporate fleets, access management.